Why is Jio Financial falling/rising?

As of 05-Aug, Jio Financial Services Ltd is currently priced at 332.80, reflecting a decrease of 0.75 or 0.22%. The stock has experienced a trend reversal, falling after three consecutive days of gains. Despite this recent decline, Jio Financial has shown positive performance over the past week, with a return of 3.68%, and a year-to-date increase of 11.40%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally strong position. However, there has been a notable drop in investor participation, with delivery volume falling by 21.85% compared to the 5-day average. The company benefits from strong long-term fundamentals, evidenced by a remarkable 462.61% compound annual growth rate in operating profits and a significant increase in net sales.
In the broader market context, Jio Financial's recent performance contrasts with the Sensex, which has declined by 0.77% over the past week. While Jio Financial has outperformed the benchmark in the short term, the overall market sentiment appears to be less favorable, as indicated by the Sensex's negative return over the same period. The stock's high institutional holdings at 27.17% suggest confidence from more knowledgeable investors, as their stake has increased by 1.13% in the previous quarter. This institutional backing may provide some stability, but the recent decline in trading volume could indicate a cautious approach from retail investors amidst broader market challenges.