Why is Nippon Life Ind. falling/rising?

As of 08-Jul, Nippon Life India Asset Management Ltd's stock price is currently at Rs 788.75, reflecting an increase of Rs 6.8, or 0.87%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It is currently 4.01% away from its 52-week high of Rs 820.35 and has outperformed its sector by 0.92% today. Over the past year, the stock has generated an impressive return of 18.42%, significantly outperforming the BSE500 index. However, there has been a decline in investor participation, with delivery volume falling by 29.22% compared to the 5-day average, which may indicate some caution among investors despite the stock's strong long-term fundamentals and high institutional holdings.
In the broader market context, the stock's performance over the past week shows a decline of 2.38%, while the Sensex has remained relatively flat with a change of +0.02%. This indicates that while the stock has faced short-term challenges, its long-term performance remains robust, with a return of 8.51% year-to-date, outpacing the benchmark's 7.13%. The strong average return on equity of 24.45% and high institutional ownership suggest that the stock is well-regarded by knowledgeable investors, which may support its price in the long run despite recent fluctuations.