Why is Nippon Life Ind. falling/rising?

As of 26-Jun, Nippon Life India Asset Management Ltd's stock price is currently at 795.50, reflecting an increase of 2.9 (0.37%). The stock has been on an upward trend, gaining 8.28% over the past week and 9.53% over the last month, outperforming the Sensex, which has risen by 2.94% and 1.92% in the same periods, respectively. Despite today's performance underperforming its sector by 0.96%, the stock has shown consistent gains over the last five days and is trading above all key moving averages. Additionally, the company boasts strong long-term fundamentals, with a return on equity of 24.45% and high institutional holdings at 21.14%, which contribute positively to investor confidence.
In the broader market context, Nippon Life India Asset Management Ltd's recent performance has been notably strong compared to the benchmark, particularly over the longer term, where it has generated 20.38% returns in the past year, significantly outpacing the BSE 500. However, there are signs of falling investor participation, as evidenced by a 12.78% decline in delivery volume against the five-day average, which could indicate a potential concern for future price movements. Overall, while the stock is currently rising, the decrease in trading volume may warrant caution among investors looking for sustained momentum.