Why is Nippon Life Ind. falling/rising?

As of 07-Jul, Nippon Life India Asset Management Ltd's stock price is currently at 781.95, reflecting a decrease of 7.5, or 0.95%. The stock has been underperforming recently, having fallen for the last two days, resulting in a total decline of 2.5%. Although the stock is close to its 52-week high, being only 4.91% away from Rs 820.35, it has shown a negative performance in the short term, with a 1-week return of -2.18% compared to the Sensex's -0.20%. Despite this recent downturn, the stock has demonstrated strong long-term performance, with an 18.85% return over the past year and a remarkable 178.32% increase over the last three years. The company's strong fundamentals, indicated by an average Return on Equity (ROE) of 24.45% and high institutional holdings at 21.14%, suggest that it has solid backing from knowledgeable investors, which may provide some support against the recent price decline.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex in the short term. While the Sensex has gained 1.53% over the past month, Nippon Life India Asset Management Ltd has seen a slight decline of 1.26%. This divergence highlights the stock's recent struggles despite its strong long-term performance. Additionally, a significant drop in investor participation, with delivery volume falling by 62.17% against the 5-day average, may indicate waning interest among traders, further contributing to the stock's downward pressure. Overall, while the company has strong fundamentals and a history of outperforming the market, recent short-term trends and declining investor engagement are influencing its current price movement negatively.