Why is UTI AMC falling/rising?

As of 20-Aug, UTI Asset Management Company Ltd's stock price is currently at 1,387.00, reflecting a decrease of 15.2 points or 1.08%. The stock has recently underperformed its sector by 0.57% and has experienced a trend reversal, falling after three consecutive days of gains. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in the longer term. Over the past year, UTI AMC has generated a return of 23.69%, although its profits have declined by 9.1%. The company boasts a high dividend yield of 3.5% and strong long-term fundamental strength, with an average Return on Equity (ROE) of 14.93%. However, the recent flat results in profit after tax (PAT) growth of -22.21% over the last six months may be contributing to the stock's current decline.
In the broader market context, UTI AMC's short-term performance over the past week shows a gain of 4.29%, which is significantly higher than the Sensex's increase of 1.64%. However, the stock's performance over the past month has been negative at -2.98%, contrasting with the Sensex's slight gain of 0.12%. While the stock has high institutional holdings at 67.17%, which typically indicates confidence from knowledgeable investors, the recent profit decline may be causing some concern among investors. Overall, while UTI AMC has shown strong long-term performance and liquidity, the recent drop in stock price appears to be influenced by disappointing short-term profit results and a reversal in its recent upward trend.