Why is Jio Financial falling/rising?

As of 08-Jul, Jio Financial Services Ltd is currently priced at 328.80, reflecting an increase of 0.8, or 0.24%. The stock has shown a positive trend recently, gaining for the last three days and achieving a total return of 1.2% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. However, there is a notable decline in investor participation, with delivery volume dropping by 29.82% compared to the 5-day average. Despite this, the company demonstrates strong long-term fundamentals, with a remarkable 462.61% compound annual growth rate (CAGR) in operating profits and a significant annual growth rate of 600.50% in net sales. High institutional holdings at 26.04% suggest that knowledgeable investors are backing the stock, which may positively influence its recent performance.
In the broader market context, Jio Financial's short-term performance has been slightly underwhelming compared to the benchmark, with a 1-week return of -0.26% against a slight gain of 0.02% for the Sensex. However, over the past month, Jio Financial has outperformed the benchmark significantly, with an 11.86% increase compared to the Sensex's 1.85%. This indicates that while the stock may be facing some short-term challenges, its long-term growth prospects remain strong, supported by solid fundamentals and institutional backing.