Why is UTI AMC falling/rising?

As of 22-Jul, UTI Asset Management Company Ltd's stock price is rising, currently at 1,481.30, reflecting an increase of 10.1 (0.69%). The stock has recently hit a new 52-week and all-time high of Rs. 1494.95, indicating strong upward momentum. Over the past week, the stock has gained 3.14%, and in the last month, it has surged by 17.75%. Additionally, the stock has outperformed its sector by 0.9% today and has been on a consecutive gain streak for the last three days, accumulating a total return of 4.04% during this period. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. The strong long-term fundamental strength, highlighted by a 25.27% CAGR growth in operating profits and high institutional holdings at 67.56%, further supports the stock's recent performance.
In the broader market context, UTI AMC's short-term performance contrasts sharply with the benchmark, as the Sensex has declined by 0.47% over the past week. This indicates that UTI AMC is not only performing well in isolation but is also gaining traction against a backdrop of a generally weak market. The stock's ability to generate a 52.71% return over the past year, alongside its consistent outperformance against the BSE500 in various time frames, underscores its strong market position. Rising investor participation, evidenced by a 21.83% increase in delivery volume, also reflects growing confidence among investors, contributing to the stock's upward trajectory.