Why is UTI AMC falling/rising?

As of 18-Jul, UTI Asset Management Company Ltd's stock price is rising, currently at 1,429.55, reflecting an increase of 5.75 or 0.4%. The stock has shown strong performance recently, with a 2.58% increase over the past week and a notable 13.46% rise over the last month. It is currently trading close to its 52-week high, just 1.45% away from Rs 1,450.25. Despite a recent decline in investor participation, as indicated by a 61.14% drop in delivery volume, the stock is trading above all its moving averages, suggesting a positive trend. Furthermore, UTI AMC has demonstrated strong long-term fundamentals with a 25.27% CAGR growth in operating profits, a high dividend yield of 3.28%, and significant institutional holdings at 67.56%, which contribute to its recent upward movement.
In the broader market context, UTI AMC's performance has outpaced the benchmark Sensex, which has declined by 0.90% over the past week while UTI AMC has gained. The stock's year-to-date return of 6.68% also surpasses the Sensex's 4.63% increase, indicating a robust market position. Additionally, UTI AMC has consistently outperformed the BSE500 over various time frames, further solidifying its status as a strong investment choice. Despite a slight decline in profits over the past year, the stock's fair valuation and high institutional interest suggest confidence in its long-term prospects, contributing to its rising price.