Why is Nippon Life Ind. falling/rising?

As of 11-Aug, Nippon Life India Asset Management Ltd is experiencing a slight increase in its stock price, currently at 805.00, with a change of 3.05 (0.38%) upwards. The stock has shown a performance of -1.03% over the past week, but it has gained 0.25% over the last month and has a notable year-to-date increase of 10.74%. Despite underperforming its sector by -0.31% today, the stock has been gaining for the last two days, with a total return of 0.49% during this period. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages, although it is below its 5-day and 20-day moving averages. However, there has been a decline in investor participation, with delivery volume falling by -13.11% against the 5-day average, indicating a potential concern for liquidity.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the Sensex over the last year and three years, generating a return of 22.63% compared to the benchmark's 1.13%. The company's strong long-term fundamentals, highlighted by an average Return on Equity (ROE) of 24.45% and healthy operating profit growth, support its positive outlook. Additionally, high institutional holdings at 21.05% suggest confidence from more sophisticated investors, which may bolster the stock's resilience. Overall, while there are short-term challenges reflected in recent trading volumes, the long-term growth prospects and historical performance indicate a solid foundation for the stock's upward movement.