Why is Shriram Finance falling/rising?

As of 27-Jun, Shriram Finance Ltd is currently priced at 699.75, reflecting a decrease of 3.9 points or 0.55%. The stock has recently underperformed its sector by 0.64% and has experienced a trend reversal after three consecutive days of gains. Despite this decline, the stock is trading above all its moving averages, indicating a generally positive trend. Over the past week, Shriram Finance has delivered a return of 5.34%, significantly outperforming the Sensex, which returned 2.00%. The company has shown strong long-term fundamentals, with a consistent average return on equity of 13.03% and healthy growth in net sales and operating profit.
In the broader market context, Shriram Finance's recent performance has been strong, with a year-to-date return of 20.85%, compared to the Sensex's 7.58%. This indicates that while the stock is currently facing a slight decline, it has been performing well relative to the market over a longer period. The high institutional holdings at 68.91% suggest that knowledgeable investors continue to support the stock, which may provide stability despite the recent price drop. Overall, the combination of strong fundamentals and recent performance metrics indicates that the stock remains a hold, even as it experiences short-term fluctuations.