Why is Som Datt Finance falling/rising?

As of 08-Jul, Som Datt Finance Corporation Ltd is experiencing a significant rise in its stock price, currently at Rs 120.49, reflecting an increase of Rs 19.89 or 19.77%. The stock has shown strong performance today, outperforming its sector by 19.82% and achieving a consecutive gain over the last three days with a total return of 32.55%. It opened with a gain of 3.38% and reached an intraday high of Rs 122.25. The stock is trading above its moving averages across various time frames, indicating a bullish trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 153.22% compared to the five-day average, suggesting heightened interest and confidence among investors.
In the broader market context, Som Datt Finance's one-week return of +30.98% significantly outpaces the Sensex, which has only increased by 0.02% in the same period. This stark contrast highlights the stock's strong performance relative to the benchmark. While the stock has shown a year-to-date return of +1.47%, it has underperformed over the past year with a decline of -7.17%, indicating that recent momentum may be a recovery from previous losses. Overall, the combination of strong short-term gains, increased trading volume, and positive investor sentiment contributes to the upward movement of Som Datt Finance's stock price.