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

As of 12-Aug, Tourism Finance Corporation of India Ltd is experiencing a price increase, with its current price at Rs 286.05, reflecting a rise of Rs 5.85 or 2.09%. The stock has shown strong performance today, having outperformed its sector by 3%, and it is trading close to its 52-week high, just 4.63% away from Rs 299.3. Over the past week, the stock has gained 2.99%, and it has delivered impressive returns of 73.05% year-to-date and 399.65% over the last three years. Positive financial indicators, such as the highest cash and cash equivalents at Rs 142.00 crore and a low debt-equity ratio of 0.71 times, contribute to the stock's favorable outlook. Additionally, increased participation by institutional investors, who have raised their stake by 1.81%, suggests growing confidence in the company's fundamentals.
In the broader market context, while the stock has shown resilience, the benchmark Sensex has declined by 0.59% over the past week. This indicates that Tourism Finance Corporation of India Ltd is performing well relative to the overall market, which may enhance investor interest. Despite a significant drop in delivery volume by 60.6% against the five-day average, the stock remains liquid enough for trading, suggesting that it can still attract buyers. Overall, the combination of strong historical performance, positive financial metrics, and institutional backing supports the stock's upward movement amidst a challenging market environment.