Why is UTI AMC falling/rising?

As of 05-Aug, UTI Asset Management Company Ltd's stock is currently priced at 1,299.00, reflecting a decrease of 15.8 points or 1.2%. The stock has underperformed its sector today by 1.11%, with an intraday high of Rs 1,346.25, indicating some volatility. Over the past week, the stock has declined by 2.36%, while it has shown a modest increase of 0.85% over the past month. Despite a strong long-term performance, with a 32.42% return over the last year and a significant 76.47% increase over three years, the stock's profits have fallen by 9.1%. The high dividend yield of 3.66% at the current price and strong institutional holdings of 67.17% suggest a solid foundation, but the recent price movement indicates some investor caution.
In the broader market context, the stock's short-term performance has been weaker compared to the benchmark, which has declined by only 0.77% over the past week. While UTI AMC has outperformed the BSE500 in the long term, the recent underperformance in the short term may be contributing to the current price decline. The stock's moving averages indicate mixed signals, being above the 100-day and 200-day averages but below the shorter-term averages, which could reflect uncertainty among investors. Overall, while the company has strong fundamentals and a fair valuation compared to peers, the recent profit decline and short-term underperformance against the benchmark may be influencing the stock's current downward movement.