Why is UTI AMC falling/rising?

As of 04-Jul, UTI Asset Management Company Ltd is experiencing a slight increase in its stock price, currently at 1,288.00, reflecting a change of 1.0 (0.08%) upwards. The stock has shown a positive performance recently, gaining 1.74% over the last two days and outperforming the Sensex with a 1-week return of +2.34% compared to the benchmark's -0.74%. Despite a decline in delivery volume by 64.56% against the 5-day average, the stock remains liquid enough for trading, and it boasts a high dividend yield of 3.63%. The company has demonstrated strong long-term fundamental strength with a 25.27% CAGR growth in operating profits, although it has faced challenges with a recent drop in profits of -4.5% over the past year.
In the broader market context, UTI AMC's short-term performance contrasts favorably with the Sensex, which has seen a decline in the same period. While the stock has generated a return of 23.41% over the last year, it is important to note that the company's recent quarterly results showed significant negative performance, with a PAT decline of -56.6% compared to previous quarters. However, the stock's high institutional holdings at 67.56% indicate strong confidence from larger investors, which may contribute to its resilience in the market despite the recent negative earnings report. Overall, the stock's recent upward movement can be attributed to its solid fundamentals and favorable long-term growth prospects, even as it navigates short-term challenges.