Why is Poonawalla Fin falling/rising?

As of 21-Jul, Poonawalla Fincorp Ltd's stock price is rising, currently at 459.15, reflecting an increase of 7.65 or 1.69%. The stock has shown strong performance recently, having outperformed its sector by 1.32% today and is just 4.77% away from its 52-week high of Rs 483.35. Over the past week, the stock has gained 1.08%, and in the last month, it has risen by 10.51%. Additionally, it has demonstrated impressive long-term returns, with a year-to-date increase of 45.95% and a staggering 1690.06% rise over the past five years. The stock's upward momentum is supported by high institutional holdings, which have increased by 1.11% over the previous quarter, indicating confidence from knowledgeable investors.
In the broader market context, Poonawalla Fincorp's recent performance stands in contrast to the benchmark Sensex, which has seen a slight decline of 0.06% over the past week and a drop of 0.25% over the last month. This indicates that Poonawalla Fincorp is not only performing well in absolute terms but is also gaining traction relative to the overall market. The stock's liquidity is favorable, with a significant increase in delivery volume, suggesting rising investor participation. Overall, the combination of strong institutional backing, consistent gains, and outperformance against the benchmark contributes to the stock's rising price.