Why is UTI AMC falling/rising?

As of 12-Sep, UTI Asset Management Company Ltd's stock price is currently at 1,352.40, reflecting a slight increase of 1.4 (0.1%). The stock has been gaining for the last two days, with a total return of 0.91% during this period. However, it has underperformed its sector by 1.1%. The stock is trading above its 5-day, 20-day, 100-day, and 200-day moving averages, but below its 50-day moving average. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 62.94% compared to the 5-day average. The stock's high dividend yield of 3.55% at the current price and strong long-term fundamentals, indicated by an average Return on Equity (ROE) of 14.93%, support its recent price movement. Despite a 6.37% return over the past year, the company's profits have declined by 9.1%, which may temper investor enthusiasm.
In the broader market context, UTI AMC's short-term performance over the past week shows a return of 2.38%, outperforming the Sensex, which has returned 1.48% during the same period. However, the stock's year-to-date return of 0.92% lags behind the Sensex's 4.82%. The stock has demonstrated strong long-term performance, outperforming the BSE500 over the last three years and one year, which may attract institutional investors, who hold a significant 67.17% of the stock. This institutional backing suggests confidence in the company's fundamentals, despite the recent profit decline, indicating a mixed but cautiously optimistic outlook for UTI AMC's stock price movement.