Why is Jio Financial falling/rising?

As of 25-Aug, Jio Financial Services Ltd is experiencing a decline in its stock price, currently at 319.60, which reflects a decrease of 1.15 or 0.36%. The stock has been on a downward trend, having fallen for the last four days, resulting in a total decline of 3.52% during this period. Additionally, the stock's performance over the past week shows a decrease of 3.00%, while it has seen a modest increase of 2.72% over the past month. Despite strong long-term fundamentals, including a significant growth in operating profits and net sales, the recent price movement may be influenced by falling investor participation, as indicated by a decrease in delivery volume compared to the five-day average.
In the broader market context, the Sensex has increased by 0.45% over the past week, contrasting with Jio Financial's decline, which suggests that the stock is underperforming relative to the benchmark. While the stock has shown positive long-term growth metrics and high institutional holdings, the recent consecutive falls and lower short-term moving averages indicate a lack of momentum. The liquidity of the stock remains adequate for trading, but the recent trend of declining investor participation may be contributing to the stock's current downward movement.