Why is Jio Financial falling/rising?

As of 08-Aug, Jio Financial Services Ltd's stock price is currently at 321.55, reflecting a decrease of 3.75, or 1.15%. The stock has been underperforming, having lost 3.6% over the last four days, and it has also seen a decline of 2.35% over the past week. Additionally, the stock's delivery volume has dropped significantly, down 38.78% compared to the five-day average, indicating falling investor participation. Despite these short-term challenges, the company shows strong long-term fundamentals, with impressive growth rates in net sales and operating profits, suggesting potential for recovery in the future. Furthermore, the increase in institutional holdings by 1.13% over the previous quarter indicates confidence from larger investors.
In the broader market context, Jio Financial's recent performance contrasts with the Sensex, which has only declined by 0.92% over the past week. While Jio Financial has underperformed the benchmark in the short term, it has outperformed the Sensex year-to-date, with a gain of 7.63% compared to the index's 2.20%. This suggests that while the stock is currently facing downward pressure, its long-term prospects remain strong, supported by solid fundamentals and institutional backing, which may help stabilize its performance moving forward.