Why is Poonawalla Fin falling/rising?

As of 06-Oct, Poonawalla Fincorp Ltd's stock price is rising, currently at Rs. 532.05, reflecting an increase of Rs. 7.7 or 1.47%. The stock has recently hit a new 52-week and all-time high of Rs. 570.4, demonstrating strong performance with a 6.91% increase over the last three days. Additionally, the stock has outperformed its sector by 0.26% today. Over the past week, it has gained 6.16%, and in the last month, it has surged by 22.80%. The stock's long-term performance is also impressive, with a year-to-date increase of 69.12% and a remarkable 1534.56% rise over the past five years. High institutional holdings at 23.03%, which have increased by 1.93% over the previous quarter, suggest confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, Poonawalla Fincorp's recent performance significantly outpaces the benchmark Sensex, which has only increased by 1.77% over the past week and 1.34% over the past month. The stock's ability to consistently outperform the BSE500 over various time frames, including a 34.71% return in the last year, indicates strong investor sentiment and market confidence. The rising investor participation, evidenced by a 128.77% increase in delivery volume, also reflects growing interest in the stock, contributing to its upward trajectory. Overall, the combination of strong performance metrics, institutional support, and positive market sentiment has led to the stock's rising price.