Why is 360 ONE falling/rising?

As of 08-Sep, 360 ONE WAM Ltd is experiencing a slight decline in its stock price, currently at 1,038.80, reflecting a decrease of 0.2 points or 0.02%. The stock has underperformed its sector by 0.34% today, and while it is higher than its 5-day moving averages, it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 61.79% compared to the 5-day average. Over the past month, the stock has decreased by 0.49%, contrasting with a 1.16% increase in the Sensex. Year-to-date, the stock has declined by 17.15%, while the benchmark has risen by 3.39%. Despite these challenges, the company maintains strong long-term fundamental strength, evidenced by an average Return on Equity (ROE) of 18.36%.
In the broader market context, the stock's short-term performance has been relatively weak compared to the Sensex, which has shown a positive return over the same period. The stock's recent underperformance, coupled with declining investor interest and lower trading volumes, suggests a cautious sentiment among investors. While the long-term fundamentals indicate potential for recovery, the current market dynamics and the stock's inability to keep pace with the benchmark may contribute to a bearish outlook in the short term.