Why is UTI AMC falling/rising?

As of 19-Aug, UTI Asset Management Company Ltd is experiencing a price increase, currently at 1,402.20, reflecting a rise of 8.4 (0.6%). The stock has shown strong performance recently, gaining 5.44% over the last three days and outperforming its sector by 0.63%. It is trading above all key moving averages, indicating positive momentum. Despite a slight decline of 1.91% over the past month, the stock has delivered a robust return of 32.45% over the past year and 70.91% over the last three years. The company also boasts a high dividend yield of 3.41% and strong institutional holdings at 67.17%, which contribute to its stability and attractiveness to investors.
In the broader market context, UTI AMC's short-term performance of +5.43% over the past week significantly outpaces the Sensex, which has only increased by 1.76%. This indicates that UTI AMC is not only performing well in isolation but is also gaining traction compared to the overall market. The stock's long-term fundamentals remain strong, with a fair valuation and a solid return on equity of 14.93%. However, it is important to note that the company's profits have declined by 9.1% over the past year, which could pose a risk to its future performance. Overall, the combination of recent gains, strong institutional backing, and a favorable dividend yield supports the stock's upward movement.