Why is Times Guaranty falling/rising?

As of 25-Jul, Times Guaranty Ltd's stock price is rising, currently at 220.80, reflecting an increase of 26.6 or 13.7%. The stock has recently hit a new 52-week and all-time high of Rs. 227.65, demonstrating strong performance today with a gain of 11.1% at the open and an intraday high of 17.22%. Over the past week, the stock has outperformed the sector by 15.82% and has shown impressive returns of 20.07% over the last week and 26.17% over the past month. Despite this positive momentum, there are concerns regarding the company's long-term fundamental strength, as indicated by a low average Return on Equity (ROE) of 6.13% and a relatively expensive valuation compared to peers.
In the broader market context, Times Guaranty has significantly outperformed the Sensex, which has seen a decline of 0.36% over the past week, while Times Guaranty has gained 20.07%. The stock's strong performance contrasts with the Finance/NBFC sector, which has fallen by 2.12%. However, there are signs of falling investor participation, with a notable decrease in delivery volume. Despite the stock's recent gains and consistent returns over the last three years, the concerns about its long-term growth potential and high valuation may temper investor enthusiasm moving forward.