Why is UTI AMC falling/rising?

As of 04-Nov, UTI Asset Management Company Ltd's stock is currently priced at 1,211.05, reflecting a decline of 25.7 points or 2.08%. The stock has been underperforming significantly, having fallen consecutively for the last seven days, resulting in a total drop of 9.66% during this period. In terms of returns, the stock has decreased by 8.73% over the past year, while its profits have also seen a substantial decline of 30.2%. Additionally, the stock's performance today has underperformed its sector by 2.11%, and the delivery volume has dropped by 67.2% compared to the five-day average, indicating a decrease in investor participation. Despite a high dividend yield of 3.87% and strong long-term fundamentals, including a solid return on equity of 13.31%, the stock is trading at a premium compared to its peers, which may be contributing to the recent price decline.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -7.10% compared to the Sensex's -1.38%. This stark contrast highlights the stock's struggle to keep pace with the market, particularly as it has underperformed the BSE500, which generated positive returns of 4.72% over the past year. The negative financial results reported for the quarter ending September 25, including significant declines in profit before tax and net sales, further exacerbate the stock's challenges. Overall, the combination of poor recent performance, declining investor interest, and disappointing financial results has led to the stock's downward trajectory.