Why is Shriram AMC falling/rising?

As of 01-Aug, Shriram Asset Management Co Ltd is experiencing a rise in its stock price, currently at Rs 558.00, reflecting an increase of Rs 24.85 or 4.66%. The stock has shown strong performance today, outperforming its sector by 6.14% and has been on a consecutive gain streak for the last three days, accumulating a total return of 15.58% during this period. The stock opened with a gain of 4.96% today and reached an intraday high of Rs 559.6. However, despite this positive short-term movement, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by a staggering annual decline of -240.56% in operating profit. Additionally, the stock has generated a negative return of -11.96% over the past year, while profits have plummeted by -96.6%, which raises concerns about its sustainability.
In the broader market context, Shriram AMC's short-term performance contrasts sharply with the benchmark Sensex, which has declined by 1.06% over the past week. While the stock has shown a remarkable 14.27% increase in the same timeframe, its longer-term performance remains concerning, with a -6.22% return over the past month and a -2.96% return year-to-date, compared to the Sensex's positive 3.15% YTD return. The lack of domestic mutual fund investment, holding only 0% of the company, suggests a lack of confidence in the stock's valuation and business prospects, which could impact its future performance despite the recent gains.