Why is Jio Financial falling/rising?

As of 02-Jul, Jio Financial Services Ltd is currently priced at 326.70, reflecting a decrease of 2.95, or 0.89%. The stock has experienced a trend reversal, falling after six consecutive days of gains. Despite this decline, it has outperformed its sector by 0.34% today. Over the past week, the stock has increased by 7.73%, and over the past month, it has risen by 14.01%. However, there has been a notable drop in investor participation, with delivery volume falling by 31.21% compared to the five-day average. The company maintains strong long-term fundamentals, with significant growth in operating profits and net sales, which supports its overall performance despite the recent price drop.
In the broader market context, Jio Financial's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.79% over the past week. This indicates that while the stock is currently facing a decline, it has been performing well relative to the market in the recent past. The high institutional holdings at 26.04% suggest that knowledgeable investors continue to support the stock, which may provide a buffer against volatility. Overall, while the stock is experiencing a temporary setback, its strong fundamentals and recent performance indicate potential for recovery.