Why is Shriram Finance falling/rising?

As of 30-Jun, Shriram Finance Ltd is experiencing a price increase, currently at Rs 706.20, which reflects a rise of Rs 6.45 or 0.92%. The stock has shown strong performance, with a 1-week return of 6.48% and a 1-month return of 10.36%, significantly outperforming the Sensex, which returned 2.09% and 2.65% over the same periods, respectively. Today's trading saw the stock reach an intraday high of Rs 713.8, and it is currently just 3.45% away from its 52-week high of Rs 730.43. The stock is also trading above all its moving averages, indicating a positive trend. Additionally, the rising delivery volume suggests increased investor participation, further supporting the stock's upward movement.
In the broader market context, Shriram Finance's strong returns over the past year, generating 21.25% compared to the Sensex's 5.79%, highlight its robust performance relative to the market. The company has demonstrated consistent growth, with net sales and operating profit increasing at annual rates of 20.31% and 20.15%, respectively. Furthermore, high institutional holdings at 68.91% indicate strong confidence from knowledgeable investors. The stock's fair valuation, combined with a solid return on equity of 14.7%, reinforces its attractiveness. Overall, these factors contribute to the stock's rising price as it continues to outperform both its sector and the broader market.