Why is 360 ONE falling/rising?

As of 08-Oct, 360 ONE WAM Ltd is experiencing a price increase, currently at Rs 1,085.50, which reflects a rise of Rs 15.6 or 1.46%. The stock has shown strong performance recently, outperforming its sector by 2% today and achieving a consecutive gain over the last five days, with a total return of 6.04% during this period. Additionally, the stock has performed well over the past year, generating an 11.52% return compared to the benchmark Sensex, which only saw a 0.17% increase. However, the stock's long-term fundamentals are mixed; while it boasts a strong average Return on Equity (ROE) of 18.36%, it also faces challenges such as a high Price to Book Value ratio and a significant percentage of promoter shares being pledged, which can exert downward pressure on the stock price.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark, with a 4.69% increase over the past week compared to the Sensex's 0.98% rise. Despite the stock's recent gains, the overall market has been underperforming, as indicated by the negative returns of -2.13% from the BSE500 over the last year. This context highlights the stock's ability to generate positive returns even in a challenging market environment. However, the falling investor participation, as evidenced by a decrease in delivery volume, could indicate potential concerns among investors, which may affect future price movements.