Why is Tour. Fin. Corp. falling/rising?

As of 11-Jul, the Tourism Finance Corporation of India Ltd is experiencing a price increase, currently at Rs. 285.00, reflecting a change of 1.6 (0.56%) upward. The stock has recently hit a new 52-week and all-time high of Rs. 293, demonstrating strong performance with a 1.57% gain over the last two days. It has outperformed its sector by 1.48% today and opened with a gain of 2.58%. Over the past week, the stock has risen by 8.70%, and it has shown impressive returns of 72.41% year-to-date and 427.78% over the last three years. Positive factors contributing to this rise include the highest cash and cash equivalents at Rs. 142.00 crore, a low debt-equity ratio of 0.71 times, and significant net sales of Rs. 68.04 crore. Additionally, institutional investors have increased their stake, indicating growing confidence in the company's fundamentals.
In the broader market context, the stock's short-term performance is notably strong compared to the benchmark Sensex, which has declined by 1.12% over the past week. While the stock has been gaining momentum, there is a noted decrease in investor participation, with delivery volume falling by 27.98% against the five-day average. Despite this decline in participation, the stock remains liquid enough for trading, and its consistent returns over the past three years further bolster investor sentiment. Overall, the combination of strong financial metrics and institutional interest supports the stock's upward trajectory, even as some indicators suggest caution regarding retail investor engagement.