Why is Aditya AMC falling/rising?

As of 06-Aug, Aditya Birla Sun Life AMC Ltd's stock price is currently at Rs 853.60, reflecting a decrease of Rs 5.95 or 0.69%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 1.3%. Additionally, the stock touched an intraday low of Rs 841, which represents a drop of 2.16%. In terms of performance, the stock has shown a negative return of 2.92% over the past week, while it has outperformed the benchmark over the past month with a gain of 6.24%. The stock's delivery volume has also decreased significantly, falling by 27.09% against the five-day average, indicating a decline in investor participation. Despite these short-term challenges, the company has demonstrated strong long-term fundamentals, with an average return on equity of 25.98% and impressive quarterly results, including record net sales and profit after tax.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by only 1.15% over the past week. While Aditya Birla Sun Life AMC has shown positive returns over longer periods, such as a 33.23% increase over the past year, the current short-term underperformance may be contributing to the stock's decline. The stock's liquidity remains adequate for trading, but the recent drop in delivery volume suggests a potential decrease in investor confidence. Overall, while the company has strong fundamentals and a history of outperforming the market in the long term, the recent price movement reflects short-term pressures that investors are currently reacting to.