Why is Jio Financial falling/rising?

As of 30-Jun, Jio Financial Services Ltd is experiencing a price increase, currently at Rs 326.85, reflecting a rise of 3.3 or 1.02%. The stock has shown strong performance recently, gaining 11.51% over the past week and 14.02% over the past month, significantly outperforming the Sensex, which has only increased by 2.09% and 2.65% in the same periods, respectively. The stock has been on a consecutive gain streak for the last five days, and it has traded above its moving averages across various time frames, indicating positive momentum. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 99.31% against the five-day average, suggesting heightened interest in the stock. The company also boasts strong long-term fundamentals, with impressive growth rates in net sales and operating profits, alongside high institutional holdings.
In the broader market context, Jio Financial's short-term performance has outpaced the benchmark significantly, with a 1-week return of 11.51% compared to the Sensex's 2.09%. This strong relative performance may attract further investor interest, contributing to the stock's upward movement. The combination of robust fundamentals, increasing investor participation, and consistent price gains positions Jio Financial favorably in the current market environment, reinforcing its appeal to both institutional and retail investors.