Why is 360 ONE falling/rising?

As of 05-Sep, 360 ONE WAM Ltd's stock price is currently at 1,039.00, reflecting an increase of 10.0 (0.97%). The stock has shown a positive performance today, outperforming its sector by 0.48% and reaching an intraday high of Rs 1050.5, which is a 2.09% increase. However, despite this short-term gain, the stock has experienced a decline of 2.59% over the past month and a significant drop of 17.14% year-to-date. The stock's performance is supported by strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 18.36%, which suggests that while the stock is currently facing some challenges, its underlying strength remains intact.
In the broader market context, the stock's recent performance has outpaced the Sensex by 1.02% over the past week, indicating a positive short-term trend relative to the benchmark. However, the stock's longer-term returns are less favorable, with a year-to-date decline of 17.14% compared to the Sensex's gain of 3.29%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 15.93% against the five-day average, which may indicate waning interest among investors despite the stock's current rise. Overall, while 360 ONE WAM Ltd is experiencing a short-term uptick, the broader context reveals underlying challenges that could affect its future performance.