Why is Nippon Life Ind. falling/rising?

As of 01-Sep, Nippon Life India Asset Management Ltd's stock price is currently at 796.85, reflecting an increase of 12.0 or 1.53%. The stock has shown a trend reversal, gaining after four consecutive days of decline, and reached an intraday high of Rs 805, representing a 2.57% increase. Despite this positive movement today, the stock has experienced a 5.35% decline over the past week and a 0.93% decline over the past month. However, it has performed well year-to-date with a 9.62% increase and a notable 18.44% increase over the past year. The company's strong long-term fundamentals, including an average Return on Equity (ROE) of 24.45% and a healthy operating profit growth rate of 25.05%, contribute positively to its recent price movement. Additionally, high institutional holdings at 21.05% suggest confidence from more knowledgeable investors.
In the broader market context, while the stock has outperformed the benchmark Sensex in the long term, it has faced challenges in the short term, with a 5.35% decline over the past week compared to the Sensex's 1.56% decline. This indicates that, although the stock is currently rising, it has been underperforming relative to the benchmark recently. The falling investor participation, as evidenced by a 13.94% drop in delivery volume, may also indicate some caution among investors. Nevertheless, the stock's liquidity remains adequate for trading, which could support its price stability moving forward.