Why is UTI AMC falling/rising?

As of 10-Jul, UTI Asset Management Company Ltd's stock price is rising, currently at 1,394.00, reflecting an increase of 52.0 or 3.87%. The stock has recently hit a new 52-week high of Rs. 1429.4 and has outperformed its sector by 3.74%. Over the past week, the stock has gained 8.31%, while it has delivered a 10.97% return over the past month. Despite a decline in delivery volume by 54.08% against the 5-day average, the stock's strong fundamentals, including a 25.27% CAGR growth in operating profits and a high dividend yield of 3.48%, contribute positively to its recent upward movement. Additionally, the stock's performance has been robust over the past year, generating a return of 34.21%, which is significantly higher than the Sensex's 4.09% return.
In the broader market context, UTI AMC's short-term performance has been notably strong compared to the benchmark, as it has outperformed the Sensex, which has seen a slight decline of 0.06% over the past week. The company's high institutional holdings at 67.56% suggest confidence from larger investors, who typically have more resources to analyze the company's fundamentals. This institutional backing, combined with the stock's fair valuation and market-beating performance over various time frames, reinforces the positive sentiment surrounding UTI AMC, contributing to its rising stock price.