Why is Jio Financial falling/rising?

As of 07-Aug, Jio Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 325.30, which reflects a decrease of Rs 1.2 or 0.37%. The stock has been underperforming recently, having fallen for the last three consecutive days, resulting in a total decline of 2.47%. Additionally, the stock's performance today has underperformed its sector by 0.59%. Over the past week, it has decreased by 1.24%, while its one-month return shows a decline of 0.82%. Despite these short-term challenges, the company has demonstrated strong long-term fundamentals, with a remarkable 462.61% compound annual growth rate (CAGR) in operating profits and a significant 600.50% growth in net sales. Furthermore, institutional holdings remain high at 27.17%, indicating confidence from larger investors, as their stake has increased by 1.13% over the previous quarter.
In the broader market context, Jio Financial's recent performance contrasts with the benchmark Sensex, which has declined by 0.69% over the past week and 3.38% over the past month. While the stock has shown a year-to-date increase of 8.89%, its one-year performance is slightly negative at -1.47%, compared to a positive return of 1.45% for the Sensex. The stock's liquidity remains adequate, with a delivery volume that, despite a recent drop of 43.34%, still supports trading activity. Overall, the combination of recent price declines, underperformance relative to the sector, and falling investor participation suggests a cautious sentiment among investors, despite the company's strong long-term growth potential.