Why is Sundaram Fin.Hol falling/rising?

As of 11-Jun, Sundaram Finance Holdings Ltd is experiencing a rise in its stock price, currently at Rs. 434.40, reflecting an increase of Rs. 22.55 or 5.48%. The stock has recently hit a new 52-week and all-time high of Rs. 440, and it has outperformed its sector by 6.06%. Over the past week, the stock has gained 11.67%, and its performance over the last month shows a significant increase of 31.62%. The stock is trading above all key moving averages, indicating strong momentum. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 55.97% compared to the five-day average. Despite a recent fall in earnings per share and negative quarterly results, the company has demonstrated strong long-term fundamental strength with a 27.53% CAGR growth in operating profits, which has contributed to its recent price movement.
In the broader market context, Sundaram Finance Holdings Ltd has significantly outperformed the benchmark Sensex, which has only increased by 2.12% over the past week and 4.72% over the last month. The stock's year-to-date return of 45.11% and one-year return of 53.07% further highlight its strong performance relative to the market. While the company has faced challenges, including a substantial decline in net sales and profitability, its consistent returns over the past three years and the backing of majority shareholders have bolstered investor confidence, contributing to the stock's upward trajectory amidst broader market conditions.