Why is Nippon Life Ind. falling/rising?

As of 23-Jun, Nippon Life India Asset Management Ltd's stock price is rising, currently at Rs 772.90, reflecting an increase of Rs 12.9 or 1.7%. The stock has shown strong performance recently, gaining 5.2% over the last two days and outperforming its sector by 1.17% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past year, the stock has generated a return of 16.64%, significantly outperforming the BSE 500 index over various time frames, including 3 years and 1 year. The company's strong long-term fundamentals, highlighted by an average Return on Equity (ROE) of 24.45% and high institutional holdings at 21.14%, further support its upward movement.
In the broader market context, Nippon Life's short-term return of 3.56% over the past week contrasts sharply with the Sensex, which has only increased by 0.12% during the same period. This significant outperformance indicates that investor sentiment is favoring Nippon Life over the general market. The rising investor participation, as evidenced by a 13.39% increase in delivery volume, also suggests growing confidence in the stock. Overall, the combination of strong performance metrics, positive investor sentiment, and solid fundamentals contributes to the stock's rising price.