Why is Jio Financial falling/rising?

As of 25-Jul, Jio Financial Services Ltd is experiencing a decline in its stock price, currently at 311.15, which reflects a decrease of 5.2 points or 1.64%. The stock has fallen after two consecutive days of gains and has underperformed the finance/NBFC sector, which has dropped by 2.13%. In terms of returns, the stock has seen a 1.75% decline over the past week, while it has gained 2.61% over the past month. Despite this recent downturn, the company shows strong long-term fundamentals, with impressive growth rates in net sales and operating profits, and a high institutional holding of 27.17%, which has increased by 1.13% over the previous quarter.
In the broader market context, Jio Financial's recent performance contrasts with the Sensex, which has only decreased by 0.36% over the past week. While the stock has outperformed the sector today, the overall trend indicates a struggle against both sector and market movements. The falling investor participation, as evidenced by a significant drop in delivery volume, suggests a lack of confidence among retail investors, which may be contributing to the stock's decline. Overall, while the company has strong fundamentals, the current market conditions and sector performance are negatively impacting its stock price.