Why is Sundaram Fin.Hol falling/rising?

As of 30-Jun, Sundaram Finance Holdings Ltd is experiencing a price increase, currently at 534.15, reflecting a rise of 7.1 or 1.35%. The stock has recently hit a new 52-week and all-time high of Rs.541.9, indicating strong upward momentum. It has outperformed its sector by 0.83% today and is trading above all key moving averages, suggesting positive technical strength. Over the past week, the stock has surged by 13.65%, and it has shown impressive returns of 98.49% over the last year, significantly outperforming the BSE 500 index. However, there are concerns regarding falling investor participation, as delivery volume has decreased by 28.37% compared to the 5-day average, which could indicate waning interest despite the recent price gains.
In the broader market context, the stock's short-term performance of 13.65% over the past week stands in stark contrast to the Sensex, which has only increased by 2.18% in the same period. This significant outperformance highlights investor confidence in Sundaram Finance Holdings Ltd, driven by its strong long-term fundamentals, including a 27.53% CAGR growth in operating profits. However, the company has faced challenges, such as a substantial decline in earnings per share and net sales, which may temper enthusiasm among some investors. Despite these negative factors, the stock's consistent returns over the past three years and the backing of majority shareholders, the promoters, contribute to its resilience in the market.