Why is Jio Financial falling/rising?

As of 21-Jul, Jio Financial Services Ltd's stock price is currently at 317.30, reflecting an increase of 0.6, or 0.19%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite underperforming its sector today by 0.67%, the stock's delivery volume has significantly increased, rising by 81.13% compared to the five-day average. Over the past month, Jio Financial has outperformed the benchmark with a return of 7.89%, while the Sensex has decreased by 0.25%. The company also exhibits strong long-term fundamentals, with a remarkable 462.61% compound annual growth rate (CAGR) in operating profits and a 600.50% annual growth rate in net sales, supported by high institutional holdings at 26.04%.
In the broader market context, Jio Financial's recent performance contrasts with the Sensex, which has shown a slight decline of 0.06% over the past week. While the stock has experienced a year-on-year decline of 6.32%, it has still managed to outperform the benchmark year-to-date, indicating resilience amidst market fluctuations. The liquidity of the stock, being sufficient for trades of Rs 9.9 crore, further suggests that it remains an attractive option for investors, particularly those with institutional backing who can analyze the company's fundamentals more effectively than retail investors.