Why is UTI AMC falling/rising?

As of 26-Aug, UTI Asset Management Company Ltd's stock price is currently at 1,338.00, reflecting a decrease of 5.95 or 0.44%. The stock has been experiencing a decline, having fallen consecutively for the last two days, resulting in a total drop of 2.34% during this period. Despite this recent downturn, the stock has outperformed its sector by 1.51% today. Over the past week, the stock has decreased by 4.58%, while it has shown a modest decline of 1.33% over the past month. Although the stock has generated a return of 14.73% over the last year, it is important to note that its profits have decreased by 9.1%. The stock is currently trading at a fair valuation with a high dividend yield of 3.57%, which may provide some support to its price.
In the broader market context, the stock's recent performance contrasts with the benchmark, as the Sensex has only fallen by 1.05% over the past week. The finance/NBFC sector, which UTI AMC is part of, has also declined by 2.02%, indicating a challenging environment for stocks in this sector. Despite the recent price drop, UTI AMC has high institutional holdings at 67.17%, suggesting confidence from larger investors who typically have better resources for analyzing company fundamentals. This institutional backing, along with the stock's long-term performance, which has outperformed the BSE500 over various time frames, may indicate that the recent decline could be a temporary setback rather than a long-term trend.