Why is Jio Financial falling/rising?

As of 16-Jul, Jio Financial Services Ltd's stock price is currently at 319.60, reflecting a decrease of 1.6 points or 0.5%. The stock has underperformed its sector by 0.27% today, and its delivery volume has fallen significantly by 27.97% compared to the 5-day average, indicating a decline in investor participation. Over the past week, the stock has dropped by 3.09%, while it has shown a positive return of 8.63% over the past month. Despite these short-term challenges, the company has strong long-term fundamentals, with a remarkable 462.61% compound annual growth rate (CAGR) in operating profits and a substantial 600.50% annual growth rate in net sales, supported by high institutional holdings of 26.04%.
In the broader market context, Jio Financial's recent performance contrasts with the benchmark Sensex, which has declined by only 1.08% over the past week. This suggests that while the stock is facing short-term pressures, it has outperformed the benchmark over the past month with an 8.63% gain compared to the Sensex's 1.02%. The liquidity of the stock remains adequate for trading, but the recent drop in delivery volume may signal a cautious sentiment among investors. Overall, while the stock is experiencing a decline in the short term, its strong fundamentals and long-term growth potential may provide a buffer against these fluctuations.