Why is Nippon Life Ind. falling/rising?

As of 24-Jul, Nippon Life India Asset Management Ltd's stock price is currently at 829.50, reflecting a decrease of 18.5 points or 2.18%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 4.28% during this period. Today's performance indicates that it has underperformed its sector by 1.44%. Additionally, the stock touched an intraday low of Rs 822, which represents a decrease of 3.07%. Despite this short-term decline, the stock has shown strong long-term performance, with a 31.15% return over the past year and a remarkable 188.82% increase over the last three years. The company maintains a solid long-term fundamental strength with an average Return on Equity (ROE) of 24.45% and high institutional holdings at 21.14%, which suggests confidence from larger investors.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -2.41% compared to the Sensex's slight decline of only 0.09%. This indicates that while the stock has performed well over the long term, its recent price movement is not in line with the overall market trend. The falling investor participation, as evidenced by a significant drop in delivery volume, further highlights the current challenges faced by the stock. Despite its historical performance and strong fundamentals, the recent price decline may be attributed to short-term market pressures and reduced trading activity.