Why is Poonawalla Fin falling/rising?

As of 12-Nov, Poonawalla Fincorp Ltd's stock price is currently at Rs 489.20, reflecting an increase of Rs 19.75 or 4.21%. The stock has shown a positive trend, gaining 6.77% over the last two days and outperforming its sector by 3.52% today. Additionally, the stock has delivered a year-to-date return of 55.50% and has outperformed the BSE500 index over various time frames, including a 35.74% return over the past year. The company's recent financial results have been very positive, with a net profit growth of 18.53% and record high net sales and earnings before interest and taxes, which have likely contributed to the stock's upward movement. Furthermore, rising promoter confidence, evidenced by a 1.5% increase in their stake, suggests strong belief in the company's future prospects.
In the broader market context, Poonawalla Fincorp's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 1.21% over the past week. This outperformance, combined with rising investor participation and liquidity, indicates a favorable market sentiment towards the stock. However, it is important to note that the stock is trading at a premium valuation compared to its peers, with a price-to-book value of 4, and has experienced a decline in profits over the past year, which could pose risks to its future performance.