Why is UTI AMC falling/rising?

As of 30-Jun, UTI Asset Management Company Ltd's stock price is rising, currently at 1,290.00, reflecting an increase of 31.4 (2.49%). The stock has shown a positive trend today, outperforming its sector by 1.97% and reversing a two-day decline. It reached an intraday high of Rs 1293, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 82.3% compared to the 5-day average. Over the past year, the stock has generated a return of 29.10%, although its profits have decreased by 4.5%. The company boasts a high dividend yield of 3.71% and strong long-term fundamentals, with operating profits growing at a CAGR of 25.27%.
In the broader market context, UTI AMC's short-term performance has outpaced the Sensex, which increased by 2.09% over the past week, while UTI AMC rose by 3.20%. This indicates a strong relative performance in the near term. The stock's high institutional holdings at 67.56% suggest confidence from sophisticated investors, which can positively influence market sentiment. Despite a year-to-date decline of 3.73% against the Sensex's gain of 7.00%, the stock's long-term growth potential and fair valuation compared to peers contribute to its recent upward movement.