Why is Jio Financial falling/rising?

As of 03-Jul, Jio Financial Services Ltd is currently priced at 324.90, reflecting a decrease of 1.8, or 0.55%. The stock has been experiencing a decline, having fallen for the last two days with a total return of -1.44% during this period. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of +4.00% and +14.48%, respectively. Additionally, Jio Financial is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally strong position. However, there has been a significant drop in investor participation, with delivery volume decreasing by 48.68% compared to the 5-day average. The company benefits from strong long-term fundamentals, evidenced by a remarkable 462.61% CAGR growth in operating profits and a 600.50% annual growth rate in net sales, alongside high institutional holdings at 26.04%.
In the broader market context, Jio Financial's recent performance contrasts with the Sensex, which has seen a slight decline of 0.62% over the past week. While the stock has outperformed the benchmark in the short term, its year-to-date performance of +8.75% is also better than the Sensex's +6.53%. This suggests that despite the recent price drop, Jio Financial has been able to maintain a relatively strong position compared to the overall market. The combination of strong fundamentals and recent price movements indicates that while the stock is currently facing some challenges, its long-term outlook remains positive.