Why is Jio Financial falling/rising?

As of 29-Jul, Jio Financial Services Ltd's stock price is rising, currently at Rs 321.00, reflecting an increase of Rs 13.75 or 4.48%. The stock has shown a positive trend today, outperforming its sector by 4.02% and reversing a two-day decline. It reached an intraday high of Rs 322.4, indicating strong intraday performance. Over the past week, the stock has gained 3.28%, contrasting with a decline of 1.03% in the Sensex. Despite a slight decrease of 0.79% over the past month, the stock has demonstrated a year-to-date increase of 7.45%, outperforming the benchmark's 4.09% gain. The company's strong long-term fundamentals, highlighted by a remarkable 462.61% CAGR growth in operating profits and a 600.50% annual growth rate in net sales, contribute positively to investor sentiment. Additionally, the increase in institutional holdings by 1.13% suggests confidence from larger investors.
In the broader market context, Jio Financial's recent performance stands out against the backdrop of a declining benchmark, with the stock's short-term return of 3.28% over the past week significantly outperforming the Sensex's drop. The liquidity of the stock, supported by a delivery volume increase of 11.36% against the five-day average, indicates rising investor participation, which may further bolster its price. Overall, the combination of strong fundamentals, positive investor sentiment, and favorable trading conditions has contributed to the stock's upward movement amidst a challenging market environment.