Why is Shriram AMC falling/rising?

As of 30-Jul, Shriram Asset Management Co Ltd is experiencing a price increase, currently at Rs 507.80, which reflects a rise of 25.0 or 5.18%. Today's price summary indicates that the stock outperformed its sector by 5.08% and opened with a gain of 2.31%. The stock reached an intraday high of Rs 507.80, and while it is trading above its 5-day, 100-day, and 200-day moving averages, it remains below its 20-day and 50-day moving averages. However, the stock has shown a negative trend over the past month with a decline of 14.90% and a year-to-date drop of 11.69%. The company is facing significant challenges, including operating losses and a weak long-term fundamental strength, highlighted by a drastic annual decline in operating profit of -229.24%. Furthermore, the stock's negative EBITDA and the absence of domestic mutual fund investment suggest a lack of confidence in its long-term prospects.
In the broader market context, the stock's short-term performance has been relatively better than the benchmark, with a 1-week return of -0.96% compared to the Sensex's -1.50%. Despite this, the overall trend indicates that the stock has underperformed the benchmark over longer periods, such as a 1-month decline of 14.90% against the Sensex's -2.54%. The falling investor participation, evidenced by a 40.09% drop in delivery volume, further complicates the outlook for the stock. The combination of poor financial results, lack of institutional support, and declining investor interest contributes to a cautious sentiment surrounding Shriram Asset Management Co Ltd, despite the recent price increase.