Why is Nuvama Wealth falling/rising?

As of 25-Jul, Nuvama Wealth Management Ltd's stock price is currently at Rs 7,355.90, reflecting a decline of Rs 403.65 or 5.2%. Today's performance indicates that the stock has underperformed its sector by 3.08%, with an intraday low of Rs 7,323.65, marking a decrease of 5.62%. Over the past week, the stock has seen a return of -4.75%, while its one-month return stands at -1.92%. Despite a strong long-term performance with a year-to-date increase of 6.21% and a one-year return of 32.06%, recent trading activity shows a drop in investor participation, with delivery volume falling by 22.4% against the five-day average. The stock remains liquid enough for trades of Rs 1.7 crore, but it is currently trading lower than its five-day and twenty-day moving averages.
In the broader market context, the finance/NBFC sector has experienced a decline of 2.12%, contributing to the downward pressure on Nuvama Wealth's stock. While the stock has outperformed the BSE500 index over the past year, which has seen negative returns of -0.19%, the recent short-term performance contrasts with this long-term strength. The company's fundamentals remain strong, with a robust average return on equity of 28.26% and consistent growth in net sales and operating profit. However, the current market conditions and reduced investor activity appear to be influencing the stock's recent decline.