Why is Poonawalla Fin falling/rising?

As of 18-Jul, Poonawalla Fincorp Ltd's stock price is currently at Rs 451.50, reflecting an increase of Rs 4.3 or 0.96%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and reached an intraday high of Rs 457.1, which is a 2.21% increase. Over the past month, the stock has performed well, generating an 8.01% return, significantly outperforming the Sensex, which only increased by 0.38%. Additionally, the stock has demonstrated strong long-term performance, with a year-to-date return of 43.52% compared to the Sensex's 4.63%. The high institutional holdings at 21.1% and their recent increase of 1.11% suggest confidence in the company's fundamentals, which may be contributing to the stock's upward movement.
In the broader market context, Poonawalla Fincorp's short-term performance has outpaced the benchmark, as evidenced by its 1-week return of -0.76% compared to the Sensex's -0.90%. This indicates that while the stock has faced some recent volatility, it has managed to maintain a stronger position relative to the market. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 38.48% against the 5-day average, which could be a concern for future trading activity. Overall, the stock's recent rise can be attributed to its solid performance metrics and institutional backing, despite some signs of reduced trading volume.