Why is UTI AMC falling/rising?

As of 19-Nov, UTI Asset Management Company Ltd's stock price is currently at 1,147.70, reflecting a decrease of 27.0 points or 2.3%. The stock has underperformed its sector today by 2.13% and has experienced a trend reversal after two consecutive days of gains, touching an intraday low of Rs 1145.15. Over the past week, the stock has declined by 1.77%, and in the last month, it has fallen significantly by 18.19%. Despite a strong long-term fundamental strength indicated by an average Return on Equity (ROE) of 15.72%, the stock has faced negative pressures due to a substantial drop in profits, with a 30.2% decrease over the past year, contributing to its underperformance relative to the market.
Broader Market Context: The stock's performance contrasts sharply with the benchmark Sensex, which has gained 0.85% over the past week and 1.47% over the past month. While UTI AMC has shown a remarkable 67.50% increase over the last three years, its recent performance has been disappointing, with a year-to-date decline of 14.35%. The high institutional holdings at 67.32% suggest that informed investors are closely monitoring the company's fundamentals, which may contribute to the stock's volatility in response to its recent negative earnings results.