Why is Nippon Life Ind. falling/rising?

As of 12-Jun, Nippon Life India Asset Management Ltd is experiencing a decline in its stock price, currently at Rs 735.75, which reflects a decrease of Rs 18.6 or 2.47%. The stock has been underperforming, having lost 8.97% over the last three days and underperformed its sector by 1.16% today. Despite a strong long-term performance with a 13.39% return over the past year and significant gains over the last three and five years, the stock's recent movement indicates a struggle, particularly in the short term, as it has fallen 1.55% over the past week while the Sensex has gained 0.31%. The stock's trading volume has shown an increase, suggesting rising investor participation, but it remains below its recent moving averages.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has underperformed the Sensex over the past week while showing positive returns over longer periods. The overall market has seen a 4.55% increase year-to-date, which highlights the relative weakness of Nippon Life India Asset Management Ltd in the short term. However, the company benefits from strong fundamentals, with a high return on equity of 24.45% and substantial institutional holdings at 21.14%, indicating confidence from more sophisticated investors. This fundamental strength may provide a buffer against the recent price decline, suggesting that while the stock is currently falling, its long-term outlook remains positive.