Why is SBI Cards falling/rising?

As of 27-Jun, SBI Cards & Payment Services Ltd is experiencing a price increase, currently at Rs 993.15, reflecting a rise of Rs 17.7 or 1.81%. The stock has shown strong performance recently, gaining 4.88% over the past week and 8.35% over the last month, significantly outperforming the Sensex, which has risen by 2.00% and 3.07% respectively. Today, the stock reached an intraday high of Rs 1014.8, which is only 3.01% away from its 52-week high of Rs 1023.05. Additionally, the stock has been gaining for the last two days, with a total return of 2.94% during this period. The positive momentum is supported by strong long-term fundamentals, including a high average Return on Equity (ROE) of 19.77% and increased institutional holdings, which have risen by 1.11% over the previous quarter.
In the broader market context, SBI Cards has outperformed the market significantly, generating a return of 36.01% over the past year compared to the BSE 500's return of only 4.10%. This market-beating performance, along with rising investor participation indicated by a 14.02% increase in delivery volume, suggests strong confidence among investors. However, it is important to note that the company has faced challenges, including a flat PAT growth and a high valuation compared to peers, which could pose risks in the future. Despite these concerns, the stock's recent upward movement is primarily driven by its strong fundamentals and positive market sentiment.