Why is UTI AMC falling/rising?

As of 28-Oct, UTI Asset Management Company Ltd's stock price is currently at 1,304.10, reflecting a decline of 13.5 points or 1.02%. The stock has underperformed its sector by 0.76% today and has experienced a consecutive fall over the last two days, resulting in a total drop of 2.72%. Additionally, the stock's performance over the past week shows a decline of 2.79%, while its one-month performance is slightly better at a decrease of 0.45%. Despite a strong long-term fundamental strength indicated by an average Return on Equity (ROE) of 13.31%, the stock's profits have fallen by 30.2% over the past year, which may be contributing to the recent price decline. The stock is trading at a premium compared to its peers, and while it offers a high dividend yield of 3.7%, the falling investor participation, evidenced by a significant drop in delivery volume, suggests waning interest among investors.
In the broader market context, the Sensex has shown a positive return of 0.24% over the past week, contrasting with UTI AMC's negative performance. This indicates that the stock is not only underperforming relative to its sector but also lagging behind the overall market trend. The stock's year-to-date performance is down 2.68%, while the Sensex has gained 8.30% in the same period, further highlighting the stock's struggle in the current market environment. The high institutional holdings at 67.32% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals, but the recent trends suggest that the stock's attractiveness is being overshadowed by its declining profits and reduced trading activity.