Why is Aditya AMC falling/rising?

As of 24-Jul, Aditya Birla Sun Life AMC Ltd is experiencing a slight decline in its stock price, currently at Rs 876.30, reflecting a decrease of 0.6 points or 0.07%. The stock has been under pressure recently, having fallen for the last two consecutive days, resulting in a total drop of 2.38%. Despite this recent downturn, the stock has shown strong performance over the past week, gaining 1.47%, and has outperformed the sector by 0.67% today. It is also noteworthy that the stock is currently 4.07% away from its 52-week high of Rs 911.95. The company boasts a high dividend yield of 4.27% and has demonstrated strong long-term fundamentals, with an average Return on Equity (ROE) of 25.98%. However, it is trading at a premium valuation compared to its peers, which may be contributing to the recent price fluctuations.
In the broader market context, the stock's performance contrasts with the Sensex, which has seen a slight decline of 0.09% over the past week. While Aditya Birla Sun Life AMC has outperformed the benchmark in the long term, generating a return of 24.67% over the past year compared to the Sensex's 2.54%, the recent drop in investor participation, as indicated by an 11.71% decrease in delivery volume, may be affecting short-term sentiment. The stock's high valuation and the recent profit growth of 19.3% compared to its stock performance could also be causing some caution among investors, leading to the observed price movement.