Why is Jio Financial falling/rising?

As of 04-Aug, Jio Financial Services Ltd is currently priced at 333.55, reflecting an increase of 4.05 or 1.23%. The stock has shown a positive trend, gaining 4.17% over the last three days, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, it has underperformed its sector by 0.39% today, and there has been a decline in investor participation, with delivery volume falling by 16.71% against the 5-day average. Despite this, the company demonstrates strong long-term fundamentals, with a remarkable 462.61% compound annual growth rate (CAGR) in operating profits and a significant increase in net sales at an annual rate of 600.50%. Additionally, high institutional holdings at 27.17%, which have increased by 1.13% over the previous quarter, suggest confidence from more knowledgeable investors.
In the broader market context, Jio Financial's performance has outpaced the Sensex significantly over the past week, with a return of 8.56% compared to the benchmark's mere 0.16%. Over the year-to-date, the stock has also performed well, with an 11.65% increase, while the Sensex has only gained 3.69%. This strong relative performance indicates that Jio Financial is attracting investor interest despite some short-term challenges, such as declining trading volume. Overall, the stock's upward movement can be attributed to its robust fundamentals and positive institutional sentiment, even as it faces some sector-specific headwinds.