Why is Jio Financial falling/rising?

As of 10-Jul, Jio Financial Services Ltd's stock price is currently at 331.60, reflecting an increase of 1.8, or 0.55%. The stock has been on an upward trend, gaining for the last five days and achieving a total return of 2.06% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 73.09% compared to the 5-day average. The company demonstrates strong long-term fundamentals, evidenced by a remarkable 462.61% compound annual growth rate (CAGR) in operating profits and a 600.50% annual growth rate in net sales, which supports the positive sentiment around the stock.
In the broader market context, Jio Financial Services has outperformed the benchmark Sensex, which has seen a slight decline of 0.06% over the past week, while Jio Financial's return stands at +2.06%. This performance is further highlighted by the stock's year-to-date return of 11.00%, significantly surpassing the Sensex's 6.46% gain. The high institutional holdings at 26.04% suggest that knowledgeable investors are confident in the company's prospects, which may contribute to the stock's resilience and upward movement despite a challenging broader market environment.