Why is UTI AMC falling/rising?

As of 30-Jul, UTI Asset Management Company Ltd's stock price is rising, currently at 1,360.00, reflecting an increase of 29.55, or 2.22%. Today's performance indicates a trend reversal as the stock has gained after five consecutive days of decline. It has outperformed its sector by 2.12% today and reached an intraday high of Rs 1,360. The stock's performance over the past week shows a decline of 7.43%, but it has increased by 5.43% over the past month. Despite a recent drop in investor participation, the stock maintains a high dividend yield of 3.61% and strong long-term fundamentals, including a return on equity of 14.93% and high institutional holdings at 67.17%. However, it is important to note that the company's profits have fallen by 9.1% over the past year.
In the broader market context, the stock's short-term performance has been weaker compared to the benchmark, with a 7.43% decline over the past week against a 1.50% drop in the Sensex. However, UTI AMC has shown resilience with a 31.83% return over the past year, significantly outperforming the Sensex, which has only seen a 0.03% increase in the same period. This long-term outperformance, coupled with a fair valuation compared to peers, suggests that the stock may be appealing to investors despite recent fluctuations.