Why is UTI AMC falling/rising?

As of 08-Jul, UTI Asset Management Company Ltd's stock price is rising, currently at 1,344.75, reflecting an increase of 37.75 or 2.89%. The stock has shown strong performance today, outperforming its sector by 2.6% and achieving a consecutive gain over the last four days, with a total return of 5.87% during this period. Additionally, the stock has reached an intraday high of Rs 1349.5, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The rising investor participation is evident, with a delivery volume increase of 124.89% compared to the 5-day average. The stock also boasts a high dividend yield of 3.58%, which contributes positively to its attractiveness. Despite a slight decline in profits over the past year, the company has demonstrated strong long-term fundamental strength with a 25.27% CAGR growth in operating profits and a fair valuation compared to peers.
In the broader market context, UTI AMC's short-term return of 4.69% over the past week significantly outpaces the Sensex, which has only increased by 0.02% during the same period. This performance aligns with the company's historical trend of market-beating returns, as it has outperformed the BSE500 over the last three years, one year, and three months. The high institutional holdings at 67.56% suggest confidence from investors with substantial resources to analyze the company's fundamentals, further supporting the stock's upward movement. Overall, the combination of strong recent performance, positive investor sentiment, and solid fundamentals contributes to the rising stock price of UTI AMC.