Why is Jio Financial falling/rising?

As of 11-Jul, Jio Financial Services Ltd's stock price is currently at 325.80, reflecting a decrease of 5.8 points or 1.75%. The stock has recently experienced a trend reversal, falling after five consecutive days of gains. Despite this decline, the stock has shown positive performance over the past month, with a return of 7.63%, while the one-week performance is slightly positive at 0.25%. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, but below its 5-day moving average. Additionally, there has been a rise in investor participation, with delivery volume increasing by 1.93% against the 5-day average, indicating ongoing interest. The company's strong long-term fundamentals, highlighted by a 462.61% CAGR growth in operating profits and a 600.50% annual growth rate in net sales, support its valuation despite the recent price drop.
In the broader market context, Jio Financial's recent performance contrasts with the Sensex, which has declined by 1.12% over the past week. While Jio Financial has outperformed the benchmark in the short term, the overall market sentiment may be influencing its current price movement. The stock's high institutional holdings at 26.04% suggest that knowledgeable investors are backing the company, which may provide some stability. However, the stock's recent underperformance against its sector by 0.83% indicates that market conditions could be affecting investor sentiment negatively, contributing to the current decline in price.