Why is UTI AMC falling/rising?

As of 04-Aug, UTI Asset Management Company Ltd's stock price is currently at 1,312.00, reflecting an increase of 15.0, or 1.16%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline. It reached an intraday high of Rs 1325.4, which is a 2.19% increase. However, the stock has underperformed its sector by 0.46% today, and there has been a notable decrease in investor participation, with delivery volume falling by 40.24% compared to the five-day average. Over the past year, the stock has generated a return of 26.87%, despite a 9.1% decline in profits, and it currently boasts a high dividend yield of 3.71%. The stock is trading at a fair valuation compared to its peers, supported by strong long-term fundamentals and high institutional holdings at 67.17%.
In the broader market context, UTI AMC's short-term performance has been less favorable compared to the benchmark, with a 1-week return of -2.21% against the Sensex's slight gain of 0.16%. However, the stock has outperformed the benchmark over longer periods, including a 26.87% return over the past year and an impressive 80.43% over the last three years. This long-term outperformance, combined with strong institutional backing, suggests that while the stock may be facing short-term challenges, its fundamentals remain robust, indicating potential for recovery in the future.