Why is UTI AMC falling/rising?

As of 05-Sep, UTI Asset Management Company Ltd's stock price is currently at 1,321.00, reflecting a decrease of 25.0 points or 1.86%. The stock has underperformed its sector by 2.35% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 2.34%. Despite a positive performance over the past week and month, with returns of 2.81% and 1.54% respectively, the stock has seen a year-to-date decline of 1.42%. The company maintains a high dividend yield of 3.56%, and while it has a strong long-term fundamental strength with an average Return on Equity (ROE) of 14.93%, its profits have fallen by 9.1% over the past year, which may contribute to the current price decline.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has shown a modest increase of 1.13% over the past week. Although UTI AMC has outperformed the BSE500 over the last three years, one year, and three months, the current decline may be influenced by falling investor participation, as indicated by a drop in delivery volume. The stock is trading at a fair valuation compared to its peers, but the recent negative returns and declining profits could be causing caution among investors, leading to the current downward movement in price.