Why is UTI AMC falling/rising?

As of 31-Jul, UTI Asset Management Company Ltd's stock price is currently at 1,330.40, reflecting a decrease of 29.6 points or 2.18%. Today's performance indicates that the stock opened significantly lower, with a gap down of 6.51%, and reached an intraday low of Rs 1,271.45. The stock has underperformed its sector by 1.64% today, and there has been a notable decline in investor participation, with delivery volume dropping by 62.11% compared to the 5-day average. Despite a strong long-term fundamental strength indicated by a return on equity of 14.93% and a high dividend yield of 3.53%, the stock's recent performance has been affected by a 9.1% decline in profits over the past year and flat results in the latest quarter.
In the broader market context, the stock has underperformed the benchmark Sensex in the short term, with a 1-week return of -6.46% compared to the Sensex's -1.22%. However, it has shown resilience over longer periods, outperforming the BSE500 over the last year and three years. The stock's fair valuation relative to peers and high institutional holdings at 67.17% suggest confidence among larger investors, yet the recent price decline highlights concerns over profitability and investor engagement.