Why is UTI AMC falling/rising?

As of 15-Jul, UTI Asset Management Company Ltd's stock price is rising, currently at 1,436.15, reflecting an increase of 18.85 or 1.33%. The stock has recently hit a new 52-week high of Rs. 1449.95 and has outperformed its sector by 0.52%. Over the past week, the stock has gained 6.80%, and in the last month, it has risen by 16.99%. Despite a decline in delivery volume by 58.55% compared to the 5-day average, the stock is trading above its moving averages, indicating strong momentum. The company boasts a high dividend yield of 3.3% and has shown robust long-term growth, with operating profits increasing at a compound annual growth rate (CAGR) of 25.27%. However, it is worth noting that profits have decreased by 4.5% over the past year.
In the broader market context, UTI AMC's performance stands out as it has generated a return of 33.89% over the past year, significantly outperforming the Sensex, which has only increased by 2.36% in the same period. The stock's strong institutional holdings at 67.56% suggest confidence from investors who are typically more adept at analyzing company fundamentals. While the stock has shown impressive returns, the recent decline in delivery volume may indicate a slight reduction in investor participation, which could affect future price movements. Nonetheless, the overall market-beating performance and fair valuation compared to peers support the stock's upward trajectory.