Why is Sundaram Finance falling/rising?

As of 04-Jul, Sundaram Finance Ltd is experiencing a slight increase in its stock price, currently at 5,144.50, with a change of 11.5, representing a 0.22% rise. The stock has shown positive performance recently, gaining 1.36% over the last two days and outperforming the benchmark Sensex with a 1.80% increase over the past week, while the Sensex has declined by 0.74%. Additionally, Sundaram Finance is trading above its moving averages across various time frames, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 75.13% compared to the five-day average, which may raise concerns about the sustainability of this price movement. The company has demonstrated strong long-term fundamentals, with a solid Return on Equity (ROE) of 13.90%, and has consistently outperformed the BSE500 over the last three years.
In the broader market context, while Sundaram Finance has shown a positive return of 1.80% over the past week, the Sensex has faced a slight decline, suggesting that the stock is performing well relative to the overall market. The company's strong financial results, including the highest PAT and net sales in the latest quarter, along with high institutional holdings at 26.54%, contribute to its positive outlook. Despite the recent drop in delivery volumes, the liquidity remains sufficient for trading, indicating that while there may be some short-term fluctuations, the long-term fundamentals support the stock's upward trajectory.