Why is UTI AMC falling/rising?

As of 15-Oct, UTI Asset Management Company Ltd's stock price is currently at 1,360.00, reflecting a decrease of 7.15 points or 0.52%. The stock has underperformed its sector today, showing a decline of 2.68%, and has experienced consecutive losses over the last two days, totaling a drop of 0.87%. Despite this recent downturn, the stock has shown strong performance over longer periods, with a 10.33% return over the past year and an impressive 84.63% return over the last three years. However, it is important to note that the company's profits have fallen by 9.1% during the same timeframe, which may be contributing to the recent price decline. The stock's high dividend yield of 3.5% and strong long-term fundamentals, including a return on equity (ROE) of 14.93%, suggest that it is fundamentally sound, yet the falling investor participation, indicated by a significant drop in delivery volume, could be impacting its current price movement.
In the broader market context, UTI AMC's recent performance contrasts with the benchmark index, as the Sensex has only gained 1.02% over the past week, while UTI AMC has increased by 5.54% in the same period. However, the stock's year-to-date performance of 1.49% lags behind the Sensex's 5.72% gain, indicating a relative underperformance in the short term. The finance/NBFC sector has seen a gain of 2.16%, which further highlights UTI AMC's struggles despite its historical performance. The high institutional holdings at 67.17% suggest confidence from larger investors, yet the recent decline in retail investor participation may be a concern for the stock's immediate future.