Why is HDFC AMC falling/rising?

As of 17-Jul, HDFC Asset Management Company Ltd's stock price is rising, currently at 5,510.25, reflecting an increase of 153.1 or 2.86%. The stock has recently hit a new 52-week and all-time high of Rs 5547.5 and has outperformed its sector by 3.19%. Over the past week, the stock has gained 6.04%, and it has shown a remarkable performance with a 31.11% increase year-to-date and a 34.64% rise over the past year. The company has demonstrated strong fundamentals, with consistent positive results over the last ten quarters, including record net sales and profits. Additionally, high institutional holdings at 38.53% suggest confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, HDFC AMC's short-term performance stands in stark contrast to the Sensex, which has declined by 1.12% over the past week. This significant outperformance indicates that investor sentiment towards HDFC AMC is particularly strong, likely driven by its solid financial results and robust long-term fundamentals, including a high return on equity. Despite its high valuation metrics, the stock's consistent returns and positive market participation have contributed to its rising price, showcasing a favorable outlook compared to the broader market trends.