Why is Jio Financial falling/rising?

As of 18-Jul, Jio Financial Services Ltd is experiencing a decline in its stock price, currently at 316.70, reflecting a decrease of 1.4 points or 0.44%. The stock has been on a downward trend, having fallen for the last three days, with a total decline of 2.79% over the past week. Although the stock has shown a positive return of 9.97% over the past month, it has a year-to-date increase of 6.01%. The stock's performance today is in line with the sector, but it is noteworthy that the delivery volume has decreased by 8.69% compared to the five-day average, indicating falling investor participation. Despite these short-term challenges, the company has strong long-term fundamentals, with impressive growth rates in net sales and operating profits, which may support its value in the future.
In the broader market context, Jio Financial's recent performance contrasts with the benchmark Sensex, which has only declined by 0.90% over the past week. This suggests that while the stock is underperforming relative to the market, it has outperformed the benchmark over the past month and year-to-date. The high institutional holdings at 26.04% indicate that knowledgeable investors are backing the company, which could provide some stability despite the recent price drop. Overall, while the stock is facing short-term pressures, its long-term growth potential and strong fundamentals may offer a buffer against broader market fluctuations.