Why is Aditya AMC falling/rising?

As of 13-Oct, Aditya Birla Sun Life AMC Ltd is experiencing a rise in its stock price, currently at Rs 856.90, reflecting an increase of Rs 35.65 or 4.34%. The stock has shown strong performance today, outperforming its sector by 3.41% and achieving a consecutive gain over the last two days, with a total return of 6.6% in that period. It reached an intraday high of Rs 885.55, indicating robust trading activity. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 18.12% against the 5-day average. The company has demonstrated strong long-term fundamentals, with an average Return on Equity (ROE) of 25.98%, and has reported positive financial results, including the highest operating cash flow and net sales growth.
In the broader market context, Aditya AMC's short-term return of 4.54% over the past week significantly outpaces the Sensex, which has only increased by 0.66% during the same period. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the market. Over the last year, Aditya AMC has generated a return of 24.10%, further illustrating its market-beating performance in both the long term and near term. The stock's ability to outperform the BSE500 in various time frames reinforces its strong position in the market, despite the recent drop in delivery volume.