Why is Nippon Life Ind. falling/rising?

As of 17-Jul, Nippon Life India Asset Management Ltd's stock price is currently at Rs. 850.00, reflecting a decrease of Rs. 19.15 or 2.2%. The stock has recently hit a new 52-week high of Rs. 877.65 but has underperformed its sector by 1.87% today. After three consecutive days of gains, the stock has reversed its trend, touching an intraday low of Rs. 845.2. Despite this decline, the stock has shown strong performance over various periods, with a 28.33% return over the past year and a remarkable 207.80% increase over three years. The company maintains strong long-term fundamentals, 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.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 1.12% over the past week while Nippon Life's stock has risen by 4.23%. This indicates that the stock has been outperforming the market in the short term. However, the recent drop in delivery volume by 31.03% against the 5-day average suggests a decrease in investor participation, which could be contributing to the current price decline. Overall, while the stock has shown strong long-term performance, the recent trend reversal and reduced trading activity may be influencing its current downward movement.