Why is 360 ONE falling/rising?

As of 24-Sep, 360 ONE WAM Ltd is currently priced at 1,020.75, reflecting a slight increase of 2.5 (0.25%). The stock has shown a trend reversal by gaining after three consecutive days of decline. Despite this recent uptick, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. The stock has underperformed against the benchmark Sensex over the past week, month, and year, with a year-to-date decline of 18.59%. However, there has been a notable increase in investor participation, with delivery volume rising by 279.45% compared to the 5-day average. The company's strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 18.36%, suggest potential resilience in the stock's performance.
In the broader market context, 360 ONE's short-term performance has been significantly weaker than the Sensex, which has shown a modest gain of 0.50% over the past month, while 360 ONE has declined by 5.46% in the same period. This stark contrast highlights the challenges the stock faces in the current market environment. Despite the recent positive movement, the overall trend remains concerning, as the stock has not kept pace with the benchmark, reflecting broader market pressures and investor sentiment.