Why is UTI AMC falling/rising?

As of 03-Jul, UTI Asset Management Company Ltd's stock price is rising, currently at 1,287.00, reflecting an increase of 21.0 (1.66%). The stock has shown a positive trend today, outperforming its sector by 2.18% and reversing a decline after two consecutive days of falling prices. It is trading above all key moving averages, indicating a strong upward momentum. Over the past week, the stock has gained 1.16%, while it has delivered a notable 11.14% return over the past month, significantly outperforming the Sensex, which has only increased by 3.10%. Despite a year-to-date decline of 3.96%, the stock has demonstrated strong long-term fundamentals, with a 25.27% CAGR growth in operating profits and a high dividend yield of 3.69%. However, it is important to note that the stock's profits have fallen by 4.5% over the past year, which could be a concern for some investors.
In the broader market context, UTI AMC's recent performance has been favorable compared to the benchmark, as it has outperformed the Sensex in both the short-term and long-term periods. While the stock has experienced a decline year-to-date, its 1-year return of 23.96% stands in stark contrast to the Sensex's 4.07% gain, showcasing its resilience and ability to generate returns. The stock's high institutional holdings at 67.56% suggest that knowledgeable investors are confident in its potential, further supporting its upward movement despite recent profit declines. Overall, the combination of strong fundamentals, positive short-term performance, and institutional backing contributes to the stock's rising price.