Why is UTI AMC falling/rising?

As of 21-Jul, UTI Asset Management Company Ltd's stock price is rising, currently at 1,471.20, reflecting an increase of 41.65 or 2.91%. The stock has recently hit a new 52-week high of Rs. 1485 and has outperformed its sector by 2.05%. Over the past week, it has gained 3.80%, and in the last month, it has risen by 16.95%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 94.86% compared to the 5-day average. The company also boasts a high dividend yield of 3.27% and strong long-term fundamentals, with operating profits growing at a compound annual growth rate (CAGR) of 25.27%.
In the broader market context, UTI AMC's performance has been notably strong, especially when compared to the Sensex, which has seen a slight decline of 0.06% over the past week. The stock has generated a remarkable 49.22% return over the last year, significantly outperforming the BSE500 index. This consistent market-beating performance, coupled with high institutional holdings at 67.56%, suggests that knowledgeable investors are confident in the company's prospects. Overall, the combination of strong recent performance, positive investor sentiment, and solid fundamentals contributes to the stock's upward movement.