Why is Jio Financial falling/rising?

As of 30-Jul, Jio Financial Services Ltd is currently priced at 320.20, reflecting a decrease of 0.8 points or 0.25%. The stock has underperformed its sector by 0.35% today, despite being higher than its 5-day, 50-day, 100-day, and 200-day moving averages, but lower than its 20-day moving average. Over the past week, the stock has shown a positive return of 1.83%, while it has declined by 2.03% over the past month. The company has demonstrated strong long-term fundamental strength, with a remarkable 462.61% CAGR growth in operating profits and a 600.50% annual growth rate in net sales. Additionally, high institutional holdings at 27.17%, which have increased by 1.13% over the previous quarter, suggest confidence among knowledgeable investors, contributing to the stock's stability despite its recent price drop.
In the broader market context, Jio Financial's performance contrasts with the benchmark Sensex, which has declined by 1.50% over the past week and 2.54% over the past month. This indicates that while Jio Financial has faced a slight decline, it has outperformed the benchmark in the short term. The rising investor participation, evidenced by a significant increase in delivery volume, suggests that there is ongoing interest in the stock, which may provide a buffer against broader market declines. Overall, while the stock is currently experiencing a minor decrease, its strong fundamentals and institutional backing may support its long-term growth potential.