Why is Nippon Life Ind. falling/rising?

As of 23-Jul, Nippon Life India Asset Management Ltd's stock price is currently at Rs 848.00, reflecting a decrease of Rs 9.3 or 1.08%. The stock has been underperforming recently, having fallen for the last two days, resulting in a total decline of 2.14%. Despite this short-term drop, the stock has shown strong performance over longer periods, with a 34.82% increase over the past year and a remarkable 195.26% rise over the last three years. The stock is currently 3.5% away from its 52-week high of Rs 877.65. Additionally, there has been a rise in investor participation, with delivery volume increasing by 2.49% compared to the five-day average, indicating ongoing interest despite the recent price decline.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week return of -2.43% compared to the Sensex's slight gain of 0.11%. However, the stock has consistently outperformed the benchmark over longer periods, suggesting strong fundamental strength, supported by an average Return on Equity (ROE) of 24.45% and high institutional holdings at 21.14%. These factors indicate that while the stock is experiencing a temporary setback, its long-term prospects remain robust, and it continues to attract institutional investors who are better equipped to assess its fundamentals.