Why is Aditya AMC falling/rising?

As of 08-Jul, Aditya Birla Sun Life AMC Ltd's stock price is currently at 816.00, reflecting an increase of 6.0 (0.74%). The stock has shown a positive trend, gaining 1.56% over the last two days and outperforming its sector by 0.79%. Notably, the stock has delivered a return of 23.18% over the past year and has outperformed the BSE500 index over the last three years, one year, and three months. Despite this positive performance, there has been a significant drop in investor participation, with delivery volume falling by 49.05% against the five-day average, which may indicate some caution among investors. The stock is also trading above its moving averages, suggesting a bullish trend.
In the broader market context, Aditya AMC's short-term return of 2.75% over the past week significantly outpaces the Sensex, which has only increased by 0.02% in the same period. This indicates that the stock is performing well relative to the overall market. However, the year-to-date performance shows a decline of 2.28% for Aditya AMC, contrasting with the Sensex's gain of 7.13%, highlighting some volatility in the stock's performance compared to the broader market. Overall, while the stock has shown strong long-term fundamentals and recent gains, the drop in trading volume could be a factor to watch moving forward.