Why is Shriram Finance falling/rising?

As of 10-Sep, Shriram Finance Ltd is experiencing a price increase, currently at Rs 605.30, reflecting a rise of Rs 10.95 or 1.84%. The stock has outperformed its sector by 0.92% today, reaching an intraday high of Rs 606.9. Although the stock is currently above its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages. The stock has shown a mixed performance over different periods, with a 1-week return of +3.27% but a 1-month decline of -0.69%. Despite a year-over-year drop of -7.16%, the company has demonstrated strong fundamentals, with a consistent growth in net sales and operating profit, and has declared positive results for the last seven consecutive quarters.
In the broader market context, Shriram Finance's short-term performance has outpaced the Sensex, which gained only 1.06% over the past week. The stock's year-to-date return of +4.54% is slightly better than the Sensex's +4.21%. The high institutional holdings at 68.95% indicate strong confidence from larger investors, which may contribute to the stock's stability and potential for growth. However, a decline in investor participation, as evidenced by an 8.17% drop in delivery volume compared to the 5-day average, could pose a concern for future price movements. Overall, the combination of strong long-term fundamentals and recent positive performance has contributed to the stock's rising price.