Why is UTI AMC falling/rising?

As of 29-Jul, UTI Asset Management Company Ltd's stock is currently priced at 1,330.45, reflecting a decrease of 11.15 points or 0.83%. The stock has been on a downward trend, having fallen consecutively for the last five days, resulting in a significant decline of 10.18% over the past week. Today's performance indicates that it underperformed its sector by 1.29%, with an intraday low of Rs 1,299.5. Despite a strong long-term fundamental strength indicated by a Return on Equity (ROE) of 14.93% and a high dividend yield of 3.58%, the stock's recent movement has been negatively impacted by a 22.21% decline in profit after tax over the last six months and a significant drop in delivery volume, which fell by 68.94% against the five-day average.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 1.03% over the same week. While UTI AMC has outperformed the BSE500 over the longer term, including a 27.44% return over the past year, the recent flat results and falling investor participation suggest a lack of confidence among investors. The high institutional holdings at 67.17% may provide some stability, but the current market sentiment appears to be cautious, contributing to the stock's recent decline.