Why is Nippon Life Ind. falling/rising?

As of 05-Sep, Nippon Life India Asset Management Ltd's stock is currently priced at Rs 798.30, reflecting a decrease of Rs 14.25 or 1.75%. The stock has underperformed its sector by 2.24% today and has been on a downward trend, experiencing consecutive falls over the last two days with a total decline of 2.19%. Despite a strong long-term performance, including a 12.81% return over the past year and a remarkable 170.75% increase over three years, the stock has faced challenges recently, including a drop in delivery volume by 11.96% against the five-day average, indicating reduced investor participation. Additionally, while the stock remains above its 5-day, 100-day, and 200-day moving averages, it is currently below its 20-day and 50-day moving averages, suggesting a potential shift in momentum.
In the broader market context, the stock's short-term performance has been relatively stronger than the benchmark, with a 1.71% increase over the past week compared to a 1.13% rise in the Sensex. However, the stock's 1-month performance shows a decline of 2.18%, while the benchmark has remained flat at 0.00%. This divergence highlights the stock's recent struggles despite its historical outperformance and strong fundamentals, including a robust average return on equity of 24.45% and significant institutional holdings at 21.05%. The combination of these factors suggests that while the company has solid long-term growth prospects, current market dynamics and investor sentiment are contributing to its recent price decline.