Why is Jio Financial falling/rising?

As of 01-Aug, Jio Financial Services Ltd is currently priced at 329.30, reflecting a slight decrease of 0.1, or 0.03%. Despite this minor decline, the stock has shown resilience in the short term, outperforming its sector by 1.45% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in recent performance. Over the past week, the stock has gained 5.83%, while its one-month performance is nearly flat at -0.11%. The company has also seen a significant increase in investor participation, with delivery volume rising by 168.27% compared to the 5-day average. Additionally, Jio Financial has demonstrated strong long-term fundamentals, with operating profits growing at a compound annual growth rate (CAGR) of 462.61% and net sales increasing at a rate of 600.50%. The institutional holdings have also risen by 1.13% over the previous quarter, suggesting confidence from larger investors.
In the broader market context, Jio Financial's recent performance contrasts positively with the benchmark Sensex, which has declined by 1.06% over the past week and 3.70% over the past month. While the stock has experienced a minor decline today, its overall year-to-date return stands at 10.23%, significantly outperforming the Sensex's 3.15% gain. This indicates that despite the slight drop in price, Jio Financial is maintaining a strong position relative to the market, supported by robust fundamentals and increasing institutional interest.