Why is Nippon Life Ind. falling/rising?

As of 14-Aug, Nippon Life India Asset Management Ltd's stock price is rising, currently at 802.50, reflecting an increase of 4.65 (0.58%). The stock has shown a trend reversal, gaining after two consecutive days of decline. It is performing in line with its sector, with a delivery volume increase of 23.63% compared to the 5-day average, indicating rising investor participation. Over the past year, the stock has generated a return of 25.00%, significantly outperforming the Sensex, which has only increased by 1.89%. The company also boasts strong long-term fundamentals, with an average Return on Equity (ROE) of 24.45% and healthy operating profit growth of 25.05% annually, contributing positively to its recent price movement.
In the broader market context, the stock's short-term return of +0.17% over the past week contrasts with the Sensex's slight decline of -0.03%, highlighting its relative strength. Despite the stock's impressive performance over the long term, it faces challenges due to its high valuation, with a Price to Book Value ratio of 12.1 and a PEG ratio of 3.3, suggesting it may be considered expensive compared to its peers. However, the high institutional holdings at 21.05% indicate confidence from knowledgeable investors, which may support the stock's upward momentum in the face of these valuation concerns.