Why is Nippon Life Ind. falling/rising?

As of 15-Jul, Nippon Life India Asset Management Ltd's stock price is rising, currently at 845.90, reflecting an increase of 36.3 or 4.48%. The stock has recently hit a new 52-week high of Rs. 852.6 and has outperformed its sector by 3.67%. Over the past week, it has gained 7.25%, and in the last month, it has risen by 14.98%. The stock has shown consistent performance, with a notable 26.35% increase over the past year and a staggering 206.32% rise over the last three years. Despite a recent decline in investor participation, indicated by a 31.42% drop in delivery volume, the stock's strong long-term fundamentals, characterized by an average Return on Equity (ROE) of 24.45% and high institutional holdings at 21.14%, contribute positively to its recent upward movement.
In the broader market context, while the Sensex has experienced a decline of 1.36% over the past week, Nippon Life's stock has significantly outperformed this benchmark, showcasing its resilience and strength in the market. The stock's performance is further highlighted by its ability to maintain trading above all key moving averages, indicating a strong bullish trend. This contrast between the stock's positive trajectory and the broader market's struggles underscores its appeal to investors, particularly those looking for robust long-term growth potential.