Why is Jio Financial falling/rising?

As of 21-Aug, Jio Financial Services Ltd is experiencing a decline in its stock price, currently at 323.85, which reflects a decrease of 5.0 points or 1.52%. The stock has underperformed its sector today by 1.53% and has been on a downward trend for the last two days, accumulating a total loss of 2.23%. In terms of returns, the stock has shown a slight increase of 2.06% over the past month but has decreased by 2.19% over the past year. Despite having strong long-term fundamentals, including a remarkable 462.61% CAGR growth in operating profits and a significant increase in net sales, the recent price movement indicates a struggle in the short term. Additionally, the stock's delivery volume has decreased by 1.73% against the five-day average, suggesting falling investor participation.
In the broader market context, Jio Financial's recent performance contrasts with the Sensex, which has gained 1.74% over the past week. While the stock has shown positive returns year-to-date at 8.40%, it still lags behind the benchmark's 4.94% increase. The high institutional holdings at 27.17% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals. However, the stock's recent underperformance and declining investor interest could be contributing to its current price drop, indicating a cautious sentiment among investors despite the company's strong long-term growth potential.