Why is Jio Financial falling/rising?

As of 27-Jun, Jio Financial Services Ltd is experiencing a price increase, currently at 323.55, reflecting a rise of 11.15 or 3.57%. The stock has shown strong performance today, outperforming its sector by 3.48% and has been on a consecutive gain streak for the last four days, accumulating a total return of 10.39% during this period. It reached an intraday high of Rs 329.3, indicating positive momentum. Additionally, the stock is trading above all key moving averages, and there has been a significant increase in investor participation, with delivery volume rising by 93.75% compared to the 5-day average. The company also boasts strong long-term fundamentals, with impressive growth rates in net sales and operating profits, alongside high institutional holdings, which contribute to investor confidence.
In the broader market context, Jio Financial's short-term performance has significantly outpaced the benchmark Sensex, with a 1-week return of 10.01% compared to the Sensex's 2.00% and a 1-month return of 10.99% against 3.07%. This indicates that the stock is not only gaining traction on its own but is also benefiting from favorable market conditions relative to the benchmark. The overall positive sentiment surrounding the stock, driven by its strong fundamentals and recent performance, suggests a robust outlook despite its longer-term underperformance over the past year.