Why is Nippon Life Ind. falling/rising?

As of 04-Jul, Nippon Life India Asset Management Ltd's stock price is currently at 789.45, reflecting a decrease of 12.55 points or 1.56%. The stock has underperformed its sector by 1.65% today and reached an intraday low of 784.55, which is a decline of 2.18%. Despite this recent drop, the stock has shown strong performance over the longer term, with a 21.30% return over the past year and a remarkable 187.60% increase over the last three years. The company maintains a solid long-term fundamental strength, evidenced by an average Return on Equity (ROE) of 24.45% and high institutional holdings at 21.14%, which suggests confidence from more sophisticated investors. However, there has been a notable decline in investor participation, with delivery volume falling by 45.53% against the five-day average, indicating potential concerns among retail investors.
In the broader market context, the stock's performance over the past week shows a gain of 0.79%, contrasting with a slight decline of 0.74% in the Sensex, suggesting that the stock has been relatively resilient compared to the benchmark. Over the past month, while the stock has increased by 5.76%, the Sensex has risen by 3.01%, further highlighting its strong performance. Despite the recent price drop, the stock's long-term trajectory remains positive, outperforming the BSE500 in various time frames, which may provide reassurance to investors looking for stability in their portfolios.