Why is Shriram AMC falling/rising?

As of 06-Nov, Shriram Asset Management Co Ltd is experiencing a significant rise in its stock price, currently at 444.70, reflecting an increase of 39.8 points or 9.83%. The stock has shown strong performance today, outperforming its sector by 10.66% and has been on a consecutive gain streak for the last four days, accumulating a total return of 20.06% over this period. The stock reached an intraday high of Rs 460, indicating a robust upward movement, although it also experienced a low of Rs 383.1, showcasing high volatility with an intraday fluctuation of 9.12%. Notably, the stock's delivery volume has surged by 111.35% compared to the five-day average, suggesting rising investor participation, while it remains liquid enough for trading.
In the broader market context, Shriram AMC's short-term performance has significantly outpaced the benchmark Sensex, which has declined by 1.30% over the past week, while Shriram AMC has gained 20.06%. This contrast highlights the stock's strong momentum relative to the market. However, despite the recent positive trends, the stock's year-to-date performance remains down by 22.66%, indicating that while it is currently rising, it has faced challenges earlier in the year compared to the benchmark's 6.62% gain. Overall, the combination of strong short-term returns, increased investor interest, and the stock's ability to outperform the sector contributes to its current upward trajectory.