Why is Shriram AMC falling/rising?

As of 07-Nov, Shriram Asset Management Co Ltd is experiencing a price increase, with the current price at Rs 472.00, reflecting a rise of Rs 27.3 or 6.14%. The stock has shown strong performance today, outperforming its sector by 4.62% and achieving a consecutive gain over the last five days, resulting in a total increase of 27.43% during this period. The stock reached an intraday high of Rs 482, indicating significant upward momentum, although it also experienced a low of Rs 427, showcasing high volatility with an intraday fluctuation of 6.05%. Furthermore, the stock has outperformed the benchmark Sensex over the past week, with a return of +25.88% compared to the benchmark's -0.86%, and has shown substantial long-term growth with a 3-year return of +215.51%.
In the broader market context, while the Sensex has gained +1.57% over the past month, Shriram AMC's performance has been notably stronger, with a +13.09% return in the same timeframe. Despite a year-to-date decline of -17.91%, the stock's recent gains suggest a positive shift in investor sentiment, likely driven by rising investor participation, as indicated by an 85.04% increase in delivery volume. The stock's liquidity remains adequate for trading, further supporting its upward movement. Overall, the combination of strong short-term performance, increased trading activity, and favorable comparisons to the benchmark has contributed to the stock's rising price.