Why is 360 ONE falling/rising?

As of 13-Aug, 360 ONE WAM Ltd is experiencing a price increase, currently at 1,033.50, reflecting a rise of 15.5 or 1.52%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. Despite trading lower than its moving averages across various time frames, the stock has shown a significant increase in investor participation, with delivery volume rising by 182.14% compared to the five-day average. Over the past year, the stock has generated a return of 1.78%, and it has consistently outperformed the BSE500 in the last three annual periods, supported by strong long-term fundamentals, including an average Return on Equity (ROE) of 18.36%.
In the broader market context, the stock's short-term performance over the past week shows a decline of 2.18%, while the benchmark Sensex has remained relatively flat with a change of -0.01%. This indicates that while 360 ONE has faced some short-term challenges, its recent uptick suggests a potential recovery phase. The stock's year-to-date performance is notably weaker at -17.57% compared to the Sensex's gain of 3.07%, highlighting the stock's struggles in the current market environment. However, the recent positive movement may indicate a shift in investor sentiment, possibly driven by the stock's strong fundamentals and improved trading activity.