Why is Nippon Life Ind. falling/rising?

As of 03-Sep, Nippon Life India Asset Management Ltd's stock price is rising, currently at Rs 816.20, reflecting an increase of Rs 23.9 or 3.02%. The stock has shown strong performance today, outperforming its sector by 2.18% and reaching an intraday high of Rs 819.1. Over the past month, the stock has gained 1.47%, and it has delivered impressive returns of 18.06% over the last year, significantly outperforming the Sensex, which has declined by 2.41% in the same period. Despite a recent decrease in investor participation, with delivery volume falling by 33.86% against the 5-day average, the stock remains liquid enough for trading, supported by strong long-term fundamentals, including a robust average Return on Equity (ROE) of 24.45% and healthy operating profit growth.
Broader market context indicates that while the stock has experienced a slight decline of 1.13% over the past week, it has consistently outperformed the benchmark indices over longer periods, including a remarkable 180% increase over the last three years compared to the Sensex's 37.01%. This strong long-term performance, coupled with high institutional holdings at 21.05%, suggests that informed investors have confidence in the company's fundamentals. The recent positive quarterly results, including significant growth in net sales and operating profit, further bolster the stock's upward movement, positioning it favorably against broader market trends.