Why is Nippon Life Ind. falling/rising?

As of 24-Jun, Nippon Life India Asset Management Ltd's stock price is rising, currently at Rs 783.00, reflecting an increase of Rs 10.1 or 1.31%. The stock has been gaining momentum, having risen 6.57% over the last three days and outperforming its sector by 0.39% today. It is also 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 shown impressive returns, with a 20.10% increase over the past year and a remarkable 177.86% rise over the last three years. The company benefits from strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 24.45% and high institutional holdings at 21.14%, which suggest confidence from knowledgeable investors.
In the broader market context, Nippon Life's short-term performance of +2.77% over the past week significantly outpaces the Sensex, which has only increased by 0.58% in the same period. This indicates that the stock is not only performing well on its own but is also gaining traction compared to the overall market. Despite a slight decline in investor participation, with delivery volume falling by 15.72% against the 5-day average, the liquidity remains adequate for trading. Overall, the combination of strong fundamentals, consistent performance, and favorable comparisons to the benchmark contributes to the stock's rising price.