Why is 360 ONE falling/rising?

As of 11-Aug, 360 ONE WAM Ltd is experiencing a decline in its stock price, currently at 1,038.30, which reflects a decrease of 6.8 points or 0.65%. The stock has underperformed its sector today by 1.34% and has been on a consecutive downward trend for the last two days, resulting in a total decline of 2.36%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 38.81% compared to the 5-day average, suggesting a decline in investor participation. Despite these short-term challenges, the company has demonstrated strong long-term fundamental strength with an average Return on Equity (ROE) of 18.36% and has consistently generated positive returns over the last three years.
In the broader market context, the stock's performance over the past week shows a decline of 1.18%, while the Sensex has only decreased by 0.51%, indicating that 360 ONE is underperforming relative to the benchmark. Over the past month, the stock has fallen by 12.55%, contrasting sharply with the Sensex's decline of just 2.30%. Year-to-date, 360 ONE has seen a significant drop of 17.19%, while the Sensex has gained 3.15%. This stark difference highlights the stock's recent struggles compared to the overall market performance, despite its positive returns over the past year and three years.