Why is Nippon Life Ind. falling/rising?

As of 13-Aug, Nippon Life India Asset Management Ltd is experiencing a decline in its stock price, currently at 797.85, reflecting a decrease of 1.5 points or 0.19%. The stock has underperformed its sector by 1.1% today and has been on a consecutive downward trend for the last two days, with a total decline of 0.89% during this period. Despite this short-term drop, the stock has shown strong performance over the longer term, with a year-to-date increase of 9.76% and a remarkable 23.55% rise over the past year. The stock remains above its 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend, although it is currently below its 5-day and 20-day moving averages. The recent increase in investor participation, with delivery volume rising by 63.53% against the 5-day average, suggests ongoing interest despite the recent price decline.
In the broader market context, the stock's performance over the past week shows a decline of 1.74%, while the benchmark Sensex has remained relatively flat with a change of -0.01%. This indicates that the stock is underperforming compared to the overall market in the short term. However, the company benefits from strong long-term fundamentals, evidenced by a robust average Return on Equity (ROE) of 24.45% and healthy operating profit growth of 25.05% annually. Additionally, high institutional holdings at 21.05% suggest that informed investors are backing the stock, which may provide stability and confidence in its long-term prospects. Overall, while the stock is facing short-term challenges, its strong fundamentals and long-term performance metrics indicate potential for recovery.