Why is UTI AMC falling/rising?

As of 08-Aug, UTI Asset Management Company Ltd's stock price is currently at 1,324.85, reflecting a decline of 17.65 points or 1.31%. The stock has underperformed its sector by 0.6% today and has experienced a trend reversal after two consecutive days of gains. Despite being higher than the 5-day, 50-day, 100-day, and 200-day moving averages, it remains lower than the 20-day moving average. The stock has shown a 2.23% increase over the past week, but a decline of 1.48% over the past month. Additionally, while the stock has generated a substantial return of 33.18% over the past year, its profits have decreased by 9.1%. The high dividend yield of 3.58% at the current price may provide some support, but falling investor participation, indicated by a 2.48% drop in delivery volume, suggests a weakening interest among traders.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 0.92% over the past week. UTI AMC has shown strong long-term fundamental strength with an average Return on Equity (ROE) of 14.93% and high institutional holdings at 67.17%, indicating confidence from larger investors. However, the stock's current price reflects a fair valuation compared to its peers, and the recent profit decline may be causing some concern among investors. Overall, while the stock has outperformed the benchmark in the long term, the recent price drop could be attributed to short-term volatility and reduced trading activity.