Why is Sundaram Finance falling/rising?

As of 01-Jul, Sundaram Finance Ltd's stock price is currently at Rs 5,150.00, reflecting a decrease of Rs 24.2 or 0.47%. Today's price summary indicates that the stock has underperformed its sector by 0.33% and has experienced a trend reversal after two consecutive days of gains. The stock touched an intraday low of Rs 5,067.8, which is a decline of 2.06%. Despite this short-term drop, the stock has shown strong performance over the past year, with a return of 11.33%, and has outperformed the BSE500 in each of the last three annual periods. Additionally, the company has demonstrated strong long-term fundamental strength, with a high return on equity of 13.90%, and significant institutional holdings at 26.54%, which may provide stability and confidence among investors.
In the broader market context, Sundaram Finance's short-term performance over the past week shows a gain of 5.20%, significantly outperforming the Sensex, which only increased by 2.00%. This indicates that while the stock is experiencing a slight decline today, it has been on a positive trajectory recently compared to the benchmark. The stock's liquidity is also favorable, with a delivery volume increase of 159.4% against the five-day average, suggesting rising investor participation. Overall, the combination of strong fundamentals, consistent returns, and recent investor interest may provide a supportive backdrop for the stock, even as it faces short-term fluctuations.