Why is Nippon Life Ind. falling/rising?

As of 15-Oct, Nippon Life India Asset Management Ltd's stock price is rising, currently at 906.65, reflecting an increase of 27.75 or 3.16%. The stock has shown strong performance today, outperforming its sector by 1% and reaching an intraday high of Rs 908. It is also close to its 52-week high, being only 0.47% away from Rs 910.95. Over the past week, the stock has gained 5.39%, and year-to-date, it has increased by 24.73%, significantly outperforming the benchmark Sensex, which has only risen by 5.72% during the same period. The company's strong long-term fundamentals, highlighted by a robust average Return on Equity (ROE) of 24.45% and consistent growth in operating profit, contribute positively to its recent price movement.
In the broader market context, while the Finance/NBFC sector has gained by 2.24%, Nippon Life's performance stands out with its substantial returns over various periods, including a remarkable 233.39% increase over the last three years. However, there are concerns regarding its high valuation, with a Price to Book Value of 13.7, which may deter some investors despite the stock's strong historical performance. Additionally, a slight decline in delivery volume indicates a potential decrease in investor participation, which could affect future price movements. Overall, the combination of strong fundamentals and recent performance against the benchmark suggests a positive outlook for the stock, despite some risks associated with its valuation.