Why is Shriram Finance falling/rising?

As of 26-Aug, Shriram Finance Ltd is experiencing a decline in its stock price, currently at Rs 596.00, which reflects a decrease of Rs 25.7 or 4.13%. Today's price summary indicates that the stock underperformed its sector by 2.18%, reaching an intraday low of Rs 593.35. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Over the past week, Shriram Finance has seen a return of -4.86%, and over the past month, it has declined by 3.14%. Despite these short-term challenges, the company has demonstrated strong long-term fundamentals, with a healthy growth rate in net sales and operating profit, and has reported positive results for the last seven consecutive quarters.
In the broader market context, the finance/NBFC sector has also faced a decline, falling by 2.02%, which may contribute to the downward pressure on Shriram Finance's stock. Compared to the benchmark Sensex, Shriram Finance's short-term performance has been notably weaker, with the Sensex only declining by 1.05% over the past week. However, the company maintains a solid long-term outlook, supported by high institutional holdings and a favorable return on equity, which may provide some resilience against the current market volatility.