Why is Jio Financial falling/rising?

As of 04-Jul, Jio Financial Services Ltd is currently priced at 325.00, reflecting a slight increase of 0.1 (0.03%). Despite this minor uptick, the stock has been experiencing a downward trend, having lost 1.47% over the last three days. The stock is trading above its moving averages across various periods, indicating some strength. However, there has been a significant drop in investor participation, with delivery volume decreasing by 58.58% compared to the five-day average. On a longer-term basis, the stock has shown positive performance, with an 11.91% increase over the past month, contrasting with a 7.37% decline over the past year. The company benefits from strong long-term fundamentals, including a remarkable 462.61% CAGR growth in operating profits and a 600.50% annual growth rate in net sales, which supports its valuation despite recent price fluctuations.
In the broader market context, Jio Financial's recent performance has been relatively strong compared to the benchmark Sensex, which has declined by 0.74% over the past week while Jio Financial has gained 0.45%. This indicates that the stock is outperforming the market in the short term. However, the overall market sentiment appears to be mixed, as evidenced by the Sensex's positive return of 3.01% over the past month, while Jio Financial's performance has been more volatile. The high institutional holdings at 26.04% suggest that informed investors are backing the stock, which may provide some stability amid the recent price movements.