Why is HDFC AMC falling/rising?

As of 29-Oct, HDFC Asset Management Company Ltd is experiencing a decline in its stock price, currently at 5,396.95, which represents a decrease of 254.5 points or 4.5%. Today's price summary indicates that the stock has underperformed its sector by 4.56% and opened with a loss of 4.1%. It has touched an intraday low of Rs 5289.95, reflecting a drop of 6.4%. Over the past week, the stock has decreased by 5.48%, while it has shown a year-to-date increase of 28.41%. Despite its strong long-term fundamentals, including a consistent return on equity of 21.20% and healthy growth in operating profit, the stock's recent performance has been negatively impacted by a trend reversal after two days of gains and its current position below several short-term moving averages.
In the broader market context, the stock's short-term performance contrasts sharply with the Sensex, which has gained 0.68% over the past week. While HDFC AMC has generated a return of 22.07% over the past year, its recent decline suggests a temporary setback, possibly influenced by market sentiment or profit-taking after a strong performance. The company has maintained high institutional holdings at 38.83%, indicating confidence among larger investors, but the current price movement reflects a market correction rather than a fundamental deterioration in the company's long-term prospects.