Why is Nippon Life Ind. falling/rising?

As of 28-Jul, Nippon Life India Asset Management Ltd is experiencing a decline in its stock price, currently at Rs 789.00, which reflects a decrease of Rs 21.15 or 2.61%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total return of -8.95% over that period. Today's trading saw the stock reach an intraday high of Rs 827 but also dip to a low of Rs 788.45. Additionally, the stock's performance today underperformed its sector by 1.24%, and there has been a notable decrease in investor participation, with delivery volume dropping by 12.27% compared to the five-day average. While the company has strong long-term fundamentals, including a robust return on equity and healthy growth in operating profit, its high valuation and recent profit growth that lags behind stock performance may be contributing to the current price decline.
In the broader market context, the stock's short-term performance has been significantly worse than the benchmark, with a one-week return of -8.95% compared to the Sensex's decline of only -1.59%. Despite the stock's strong long-term performance, including a 21.37% return over the past year, the recent downturn indicates that investors may be reacting to its high valuation metrics and declining trading volumes. This suggests that while the company has a solid foundation, current market sentiment may be weighing heavily on its stock price in the short term.