Why is Jio Financial falling/rising?

As of 18-Aug, Jio Financial Services Ltd is currently priced at 329.50, reflecting an increase of 2.2 (0.67%). The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price movement. However, it has underperformed its sector by 1.58% today, and there has been a notable decline in investor participation, with delivery volume falling by 31.87% against the 5-day average. Despite these short-term challenges, the company demonstrates strong long-term fundamentals, with net sales growing at an annual rate of 600.50% and operating profits increasing at a CAGR of 462.61%. 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 over the past week shows a return of +0.52%, which is slightly lower than the Sensex's return of +0.83%. However, over the past month, Jio Financial has outperformed the benchmark with a return of +4.04% compared to the Sensex's -0.59%. This indicates that while the stock is facing some short-term pressures, its long-term growth prospects remain strong, supported by institutional investment and robust operating performance.