Why is Nippon Life Ind. falling/rising?

As of 22-Aug, Nippon Life India Asset Management Ltd's stock price is rising, currently at 864.30, reflecting an increase of 6.8 or 0.79%. The stock has recently hit a new 52-week and all-time high of Rs. 887.5, demonstrating strong performance with an intraday high increase of 3.5%. Over the past week, the stock has outperformed the Sensex, gaining 7.70% compared to the benchmark's 0.88%. Additionally, the stock has shown impressive long-term returns, with a 20.48% increase over the past year and a staggering 178.99% over three years. The company's strong fundamentals, highlighted by a robust average return on equity of 24.45% and healthy operating profit growth, contribute positively to its recent price movement.
In the broader market context, while the Sensex has experienced a decline of 1.07% over the past month, Nippon Life's stock has managed to gain 0.82%, indicating its resilience and strong market position. The stock's liquidity is also favorable, with a significant increase in delivery volume, suggesting rising investor participation. High institutional holdings at 21.05% further bolster confidence in the stock, as these investors typically possess better analytical capabilities. Overall, the combination of strong performance metrics, positive financial results, and favorable market conditions has led to the stock's upward trajectory.