Why is Shriram AMC falling/rising?

As of 04-Nov, Shriram Asset Management Co Ltd's stock price is rising, currently at 404.90, reflecting an increase of 19.15 or 4.96%. The stock has shown a strong performance today, outperforming its sector by 4.93% and achieving a consecutive gain over the last three days with a total return of 9.31%. It reached an intraday high of Rs 424.45, indicating significant upward momentum, although it also experienced a wide trading range of Rs 49.4 and high volatility of 6.18%. Notably, the stock's delivery volume surged by 2281.82% compared to the 5-day average, suggesting rising investor participation, which is a positive indicator for its recent price movement. The stock's performance over the past week has been strong at +7.87%, although it has struggled over the longer term with a year-to-date decline of -29.58%.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by -1.38% over the past week, Shriram AMC's recent performance highlights its relative strength in the short term. While the stock has faced challenges over the past month and year, it has significantly outperformed the benchmark over the last three years with a return of +166.73% compared to the Sensex's +36.93%. This indicates that despite some longer-term struggles, the stock is currently benefiting from positive short-term trends and increased investor interest, which is contributing to its rising price.