Why is UTI AMC falling/rising?

As of 01-Aug, UTI Asset Management Company Ltd's stock price is currently at Rs 1,292.20, reflecting a decline of Rs 38.2 or 2.87%. The stock has been underperforming recently, having fallen for the last two days, resulting in a total drop of 4.99%. It has also underperformed its sector by 1.39% today. The stock's performance over the past week shows a decline of 4.71%, while it has managed a slight increase of 0.60% over the past month. Despite a strong long-term fundamental strength indicated by a 14.93% average Return on Equity (ROE) and a high dividend yield of 3.61%, the stock's profits have decreased by 9.1% over the past year, contributing to its recent price decline.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with the Sensex declining only 1.06% over the same week. While UTI AMC has outperformed the BSE500 over the last year and three years, its recent price movements suggest a shift in investor sentiment, possibly influenced by falling investor participation, as indicated by a significant drop in delivery volume. The stock's current valuation appears fair compared to its peers, yet the recent consecutive falls and declining investor interest may be overshadowing its long-term potential, leading to the current downward trend.