Why is UTI AMC falling/rising?

As of 17-Jul, UTI Asset Management Company Ltd's stock price is currently at 1,423.80, reflecting a decrease of 1.7 points or 0.12%. The stock has been experiencing a slight decline, having fallen for the last two days with a total return of -0.86% during this period. Despite this recent downturn, UTI AMC has shown strong performance over the past week, gaining 2.14%, and has outperformed the benchmark Sensex, which has declined by 1.12%. The stock is trading above its moving averages and is close to its 52-week high, indicating a generally positive trend. However, there has been a notable drop in investor participation, with delivery volume decreasing by 50.69% compared to the five-day average, which may contribute to the recent price movement. The company boasts a high dividend yield of 3.28% and has demonstrated strong long-term fundamentals, with a 25.27% CAGR growth in operating profits.
In the broader market context, UTI AMC's recent performance contrasts with the benchmark, as it has generated a return of 28.51% over the past year, significantly outperforming the Sensex's 1.91% return. This market-beating performance is supported by high institutional holdings at 67.56%, indicating confidence from larger investors who typically have more resources to analyze company fundamentals. While the stock has shown healthy long-term growth, the recent decline in price may be influenced by the drop in trading volume and the slight decrease in profits over the past year. Overall, the stock's strong fundamentals and historical performance suggest resilience, but the recent price movement reflects short-term challenges that investors are currently navigating.