Why is Jio Financial falling/rising?

As of 17-Jul, Jio Financial Services Ltd's stock price is currently at 318.10, reflecting a decrease of 1.5, or 0.47%. The stock has been experiencing a downward trend, having lost 0.97% over the last two days. In terms of performance, the stock has shown a mixed picture with a 1-week decline of 4.07%, while it has gained 9.77% over the past month. Despite the recent decline, the company exhibits strong long-term fundamentals, with an impressive 462.61% compound annual growth rate (CAGR) in operating profits and a substantial 600.50% annual growth rate in net sales. The high institutional holdings at 26.04% suggest that knowledgeable investors are backing the stock, which may provide some stability despite the recent price drop.
In the broader market context, Jio Financial's short-term performance has lagged behind the benchmark Sensex, which has only declined by 1.12% over the same week. This underperformance in the short term contrasts with the stock's positive monthly return of 9.77%, indicating potential volatility. The stock's liquidity remains healthy, with a delivery volume increase of 1.07% against the 5-day average, suggesting ongoing interest from investors. Overall, while the stock faces short-term challenges, its strong fundamentals and institutional backing may support its long-term growth trajectory.