Why is Jio Financial falling/rising?

As of 15-Jul, Jio Financial Services Ltd is experiencing a price increase, currently at Rs 321.20, reflecting a rise of 2.15 (0.67%). The stock has shown a trend reversal by gaining after two consecutive days of decline, reaching an intraday high of Rs 325.7. In terms of performance, the stock has risen by 9.27% over the past month, significantly outpacing the Sensex's 1.79% increase. Additionally, the stock has demonstrated strong long-term fundamental strength, with a remarkable 462.61% CAGR growth in operating profits and a substantial 600.50% annual growth rate in net sales. The high institutional holdings at 26.04% suggest that informed investors are backing the stock, which may contribute to its recent upward movement.
In the broader market context, Jio Financial's short-term performance over the past week shows a decline of 2.31%, which is worse than the Sensex's decline of 1.36%. However, the stock's recent gains and rising investor participation, evidenced by a 65.33% increase in delivery volume, indicate a potential recovery phase. The liquidity of the stock, being sufficient for a trade size of Rs 9.66 crore, further supports its trading activity. Overall, while the stock has faced some short-term challenges, its strong fundamentals and recent positive momentum suggest a favorable outlook.