Why is Jio Financial falling/rising?

As of 09-Jul, Jio Financial Services Ltd is experiencing a slight increase in its stock price, currently at 329.80, reflecting a change of 1.0 or 0.3% upward. The stock has been gaining for the last four days, with a total return of 1.51% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 15.63% compared to the 5-day average. Despite a year-over-year decline of 5.76%, the stock has shown strong performance in the short term, with a 1-week return of 0.95% and a 1-month return of 8.34%. The company's strong long-term fundamentals, including a remarkable 462.61% CAGR growth in operating profits and a substantial annual growth rate of 600.50% in net sales, contribute positively to its recent price movement.
In the broader market context, Jio Financial's short-term performance has outpaced the benchmark Sensex, which recorded a 1-week return of only 0.15%. This indicates that while the overall market is experiencing modest gains, Jio Financial is performing significantly better in the short term. The high institutional holdings at 26.04% suggest that informed investors are confident in the company's fundamentals, further supporting the stock's upward movement. Overall, the combination of strong fundamentals, recent positive price trends, and better performance relative to the benchmark contributes to the stock's rising price.