Why is Jio Financial falling/rising?

As of 14-Aug, Jio Financial Services Ltd is currently priced at 327.30, reflecting a decrease of 3.2 points or 0.97%. Despite this decline, the stock has shown positive performance over the past week and month, with returns of 0.61% and 2.59%, respectively. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally upward trend in the longer term. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 8.7% compared to the 5-day average. The company boasts strong long-term fundamentals, with impressive growth rates in net sales and operating profits, alongside a high institutional holding of 27.17%, which has increased by 1.13% over the previous quarter.
In the broader market context, Jio Financial's recent performance contrasts with the Sensex, which has seen a slight decline of 0.03% over the past week. While the stock has underperformed its sector by 1.37% today, its year-to-date performance remains strong at 9.56%, compared to the Sensex's 3.15%. This suggests that while the stock is facing some short-term pressure, its long-term outlook remains positive, supported by strong fundamentals and institutional interest. Overall, the combination of a recent price drop and strong underlying growth factors may contribute to a cautious sentiment among investors.