Why is Shriram Finance falling/rising?

As of 01-October, Shriram Finance Ltd is experiencing a price increase, currently trading at Rs 648.80, which reflects a rise of Rs 32.4 or 5.26%. The stock has shown strong performance today, outperforming its sector by 4.77% and has gained consecutively for the last three days, accumulating a total return of 7.11% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has demonstrated robust long-term fundamental strength, with a return on equity (ROE) of 13.03% and consistent growth in net sales and operating profit. Furthermore, the stock has seen a significant increase in delivery volume, rising by 58.11% against the 5-day average, which suggests heightened investor interest.
In the broader market context, Shriram Finance's short-term performance has been notably strong, with a 1-week return of 3.79%, while the benchmark Sensex has declined by 0.90% during the same period. This indicates that the stock is not only gaining traction on its own but is also outperforming the overall market. The company has maintained positive results for the last seven consecutive quarters, which has likely bolstered investor confidence. With high institutional holdings at 68.95%, these investors, who typically have more resources to analyze company fundamentals, may be driving the stock's upward momentum. Overall, the combination of strong financial performance, positive investor sentiment, and favorable market conditions has contributed to the stock's rising price.