Why is SG Finserve falling/rising?

As of 13-Oct, SG Finserve Ltd's stock price is currently at 379.90, reflecting an increase of 13.1, or 3.57%. The stock has been gaining momentum, having risen 7.51% over the last two days and outperforming its sector by 2.64% today. It reached an intraday high of Rs 381.55, indicating strong investor interest. The stock has shown positive short-term performance with a 1-week return of 4.54%, significantly higher than the Sensex's 0.66% during the same period. Additionally, the company has demonstrated strong long-term fundamentals, with a high average Return on Equity (ROE) of 50.75% and impressive growth in net sales and operating profit, which have increased at annual rates of 187.34% and 177.26%, respectively.
Broader Market Context: In the context of the broader market, SG Finserve's recent performance is notably stronger than the benchmark, as evidenced by its 1-week return compared to the Sensex. While the stock has underperformed over the year with a decline of 24.17%, its recent positive earnings results and attractive valuation relative to peers may be contributing to renewed investor interest. The stock's liquidity is also favorable, with a significant increase in delivery volume, suggesting that more investors are willing to buy into the stock. Overall, the combination of strong fundamentals, recent positive performance, and increased investor participation appears to be driving the stock's upward movement.