Why is Nippon Life Ind. falling/rising?

As of 27-Jun, Nippon Life India Asset Management Ltd is experiencing a decline in its stock price, currently at Rs 783.25, which represents a decrease of Rs 12.25 or 1.54%. The stock has recently underperformed its sector by 1.63%, and it has fallen after five consecutive days of gains. Despite this recent downturn, the stock has shown strong performance over various periods, with a 1-year return of 18.28% and a 3-year return of 175.07%, significantly outperforming the benchmark Sensex. Additionally, the stock is trading above its moving averages, indicating a generally positive trend, although there has been a decrease in investor participation, with delivery volume falling by 3.11% compared to the 5-day average.
In the broader market context, the stock's short-term performance over the past week has been positive at +3.06%, outperforming the Sensex, which increased by 2.00%. This suggests that while the stock is currently facing a decline, it has been performing well relative to the market in the near term. The company's strong long-term fundamentals, characterized by an average Return on Equity (ROE) of 24.45% and high institutional holdings at 21.14%, support its resilience in the market. These factors indicate that despite the recent price drop, the stock remains a hold for investors looking for long-term growth potential.