Why is UTI AMC falling/rising?

As of 24-Jul, UTI Asset Management Company Ltd's stock price is currently at 1,422.35, reflecting a decline of 46.75 points or 3.18%. The stock has been underperforming, having fallen consecutively for the last two days, with a total drop of 3.98% during this period. It opened the day with a loss of 2.74% and reached an intraday low of Rs 1,387, which is a decrease of 5.59%. Despite this recent downturn, the stock has shown strong long-term performance, with a 39.77% increase over the past year and a 106.93% rise over the last three years. However, the company has faced challenges, including a 22.21% decline in profit after tax over the latest six months, which may be contributing to the current price drop.
In the broader market context, UTI AMC's short-term performance has slightly underperformed the benchmark, with a 1-week return of -0.10% compared to the Sensex's -0.09%. Despite this, the stock has demonstrated healthy long-term growth, supported by a strong operating profit growth rate of 25.27% and a high dividend yield of 3.4%. The stock's fair valuation and high institutional holdings at 67.56% suggest confidence among larger investors, which could provide some stability. However, the recent flat results and declining profits may be causing concern among investors, leading to the current price decline.