Why is 360 ONE falling/rising?

As of 17-Jul, 360 ONE WAM Ltd is experiencing a price increase, currently at 1,206.00, reflecting a change of 3.75 (0.31%) upward. The stock has shown positive momentum, gaining for the last four consecutive days with a total return of 1.58% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock has outperformed its sector by 0.64% today, and there has been a notable increase in investor participation, with delivery volume rising by 6.91% against the 5-day average. Over the past year, the stock has delivered a robust return of 23.21%, significantly outperforming the BSE500 in each of the last three annual periods, supported by strong long-term fundamentals reflected in an average Return on Equity (ROE) of 18.36%.
In the broader market context, the stock's short-term performance of +1.26% over the past week contrasts with the Sensex, which has declined by 1.12% during the same period. This indicates that 360 ONE is not only performing well relative to its own historical performance but also stands out positively against the broader market trends. Despite a year-to-date decline of 3.82% compared to the Sensex's gain of 5.27%, the stock's strong historical returns over three and five years, at 208.85% and 421.46% respectively, highlight its resilience and potential for recovery, further contributing to the recent upward price movement.