Why is 360 ONE falling/rising?

As of 19-Sep, 360 ONE WAM Ltd is experiencing a decline in its stock price, currently at Rs 1,090.10, which reflects a decrease of Rs 16.9 or 1.53%. Today's price summary indicates that the stock has underperformed its sector by 1.38% and has fallen after five consecutive days of gains. The stock reached an intraday low of Rs 1,075.2, marking a drop of 2.87%. Additionally, the delivery volume has significantly decreased by 56.18% compared to the five-day average, suggesting a decline in investor participation. Despite this short-term downturn, the company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 18.36%, which could support future price stability.
In the broader market context, the stock's performance over the past week shows a gain of 2.11%, outperforming the Sensex, which increased by 0.88%. However, year-to-date, 360 ONE has underperformed significantly, with a decline of 13.06% compared to the Sensex's gain of 5.74%. This contrast highlights the stock's volatility and potential investor concerns, particularly in light of its recent price drop and reduced trading volume. Overall, while the stock has shown strong long-term potential, the recent price movements and declining investor interest may be contributing to its current downward trend.