Why is Jio Financial falling/rising?

As of 01-Jul, Jio Financial Services Ltd is experiencing a price increase, currently at 329.65, with a change of 2.8, representing a 0.86% rise. The stock has been on an upward trend, gaining for the last six days and achieving a total return of 12.47% during this period. It has outperformed its sector by 1% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown strong long-term fundamental strength, with impressive growth rates in net sales and operating profits, which are contributing to positive investor sentiment and rising participation, as evidenced by a significant increase in delivery volume.
In the broader market context, Jio Financial's short-term performance has significantly outpaced the benchmark Sensex, with a 1-week return of 9.57% compared to the Sensex's 2.00% increase, and a 1-month return of 15.00% against the Sensex's 2.76%. This strong performance relative to the benchmark reflects the stock's robust fundamentals and high institutional holdings, which suggest confidence among more sophisticated investors. Overall, the combination of strong recent gains, positive investor sentiment, and solid long-term growth prospects are driving the stock's upward movement.