Why is Nippon Life Ind. falling/rising?

As of 17-Sep, Nippon Life India Asset Management Ltd's stock price is rising, currently at Rs 843.15, reflecting an increase of Rs 8.95 or 1.07%. The stock has shown strong performance recently, gaining 5.62% over the last eight days and outperforming its sector by 1.13% today. It has also consistently traded above its moving averages across various time frames, indicating positive momentum. Over the past year, the stock has generated a remarkable return of 28.07%, significantly outperforming the broader market, which has seen a decline of 0.46%. The company's strong fundamentals, including a high return on equity of 24.45% and robust operating profit growth, further support its upward price movement.
In the broader market context, Nippon Life's short-term return of 2.94% over the past week surpasses the Sensex's return of 1.56%, highlighting its strong relative performance. This trend is reinforced by high institutional holdings at 21.05%, suggesting confidence from sophisticated investors who can analyze the company's fundamentals effectively. Despite a recent decline in investor participation, as indicated by a 21.37% drop in delivery volume, the overall liquidity remains sufficient for trading. The combination of strong long-term growth prospects and recent positive financial results positions Nippon Life favorably in the market, contributing to its rising stock price.