Why is Jio Financial falling/rising?

As of 07-Jul, Jio Financial Services Ltd is experiencing a price increase, currently at 328.00, reflecting a rise of 3.0 (0.92%). The stock has shown positive momentum, having outperformed its sector by 0.92% today and has gained consecutively over the last two days, with a total return of 0.95% during this period. Additionally, the stock has performed well over the past month, with a return of +11.58%, while it has also been trading above its various moving averages. Despite a significant drop in delivery volume, which fell by 62.31% against the 5-day average, the stock's strong long-term fundamentals, including a remarkable 462.61% CAGR growth in operating profits and a 600.50% annual growth rate in net sales, contribute to its recent upward movement. Furthermore, high institutional holdings at 26.04% indicate confidence from larger investors who are better equipped to analyze the company's fundamentals.
In the broader market context, Jio Financial's short-term performance contrasts positively with the benchmark Sensex, which has declined by 0.20% over the past week. While the stock has outperformed the benchmark in the short term, it has lagged over the longer term, with a 1-year return of -6.95% compared to the Sensex's +4.31%. This indicates that while the stock is currently on an upward trajectory, it has faced challenges in the past year relative to the overall market. The combination of strong fundamentals and recent positive price movements suggests that investor sentiment may be shifting favorably, despite the recent drop in trading volume.