Why is Nippon Life Ind. falling/rising?

As of 19-Sep, Nippon Life India Asset Management Ltd is currently priced at 835.25, reflecting a decrease of 2.8 points or 0.33%. The stock has been experiencing a decline, having fallen for the last two consecutive days, resulting in a total return of -0.94% 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 14.91% and a remarkable 27.51% rise over the past year. However, there has been a notable decrease in investor participation, with delivery volume falling by 35.29% compared to the five-day average, which may contribute to the recent price decline. The stock remains above its moving averages, indicating some underlying strength, but the recent drop in trading volume could signal caution among investors.
In the broader market context, Nippon Life's short-term performance of -2.86% over the past month contrasts with the Sensex, which has gained 1.20% during the same period. This underperformance relative to the benchmark may be influencing investor sentiment negatively. Nevertheless, the company boasts strong long-term fundamentals, including a robust average return on equity of 24.45% and significant growth in operating profit. High institutional holdings at 21.05% suggest confidence from more sophisticated investors, which could provide some support for the stock despite its recent price movements. Overall, while the stock has demonstrated consistent returns over the past three years, the recent decline in trading activity and short-term performance may be causing some investors to reassess their positions.