Why is Nippon Life Ind. falling/rising?

As of 07-Aug, Nippon Life India Asset Management Ltd is experiencing a decline in its stock price, currently at 801.10, which represents a decrease of 10.85 or 1.34%. The stock has underperformed its sector by 1.56% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 1.83% during this period. Despite this recent decline, the stock has shown positive performance over the longer term, with a 26.01% increase over the past year and a remarkable 167.66% rise over the last three years. The company's strong fundamentals, highlighted by an average Return on Equity (ROE) of 24.45% and healthy long-term growth in operating profit, support its long-term investment appeal. However, the stock's high valuation, indicated by a Price to Book Value of 12.1 and a PEG ratio of 3.3, raises concerns about its current pricing relative to earnings growth.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1.45% decline over the past week compared to a 0.69% drop in the Sensex. This underperformance in the short term contrasts with the stock's strong long-term returns, suggesting that while the company has solid fundamentals and institutional backing, market sentiment may be affecting its price in the near term. The rising investor participation, as indicated by increased delivery volume, could signal potential interest from investors looking for long-term gains, but the recent price movement reflects a cautious approach in the current market environment.