Why is Jio Financial falling/rising?

As of 24-Jul, Jio Financial Services Ltd's stock price is currently at 316.35, reflecting an increase of 1.9, or 0.6%. The stock has been gaining for the last two days, showing a return of 1.79% during this period. Despite a slight decline of 0.55% over the past week, the stock has performed well over the last month with a gain of 5.15%. The company exhibits strong long-term fundamental strength, evidenced by a remarkable 462.61% compound annual growth rate (CAGR) in operating profits and a substantial 600.50% annual growth rate in net sales. Additionally, high institutional holdings at 27.17% indicate confidence from sophisticated investors, further supporting the stock's recent upward movement.
In the broader market context, Jio Financial's short-term performance has outpaced the benchmark Sensex, which has only declined by 0.09% over the same week. Although the stock's delivery volume has decreased by 39.11% against the five-day average, indicating a potential drop in investor participation, its liquidity remains sufficient for trading. The stock's performance today has outperformed its sector by 1.34%, suggesting that despite some challenges, the overall sentiment towards Jio Financial Services remains positive, bolstered by its strong fundamentals and institutional backing.