Why is Jio Financial falling/rising?

As of 26-Aug, Jio Financial Services Ltd's stock is currently priced at 315.75, reflecting a decline of 3.85 points or 1.2%. The stock has been on a downward trend, having fallen for the last five consecutive days, resulting in a total decline of 4.68% over that period. Despite this recent downturn, the stock has shown positive performance over the past month with a gain of 1.48%. It is noteworthy that the stock has outperformed its sector today by 0.75%. Additionally, the company demonstrates strong long-term fundamental strength, with impressive growth rates in net sales and operating profits, which may provide some support for the stock despite its recent price drop. High institutional holdings at 27.17% indicate confidence from larger investors, as their stake has increased by 1.13% over the previous quarter.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has only declined by 1.05% over the past week. The finance/NBFC sector has also faced challenges, falling by 2.02%. However, Jio Financial's year-to-date performance remains positive at 5.69%, outpacing the Sensex's 3.39% gain. The rising investor participation, evidenced by a 26.43% increase in delivery volume, suggests that there may be underlying interest in the stock despite its recent price decline. Overall, while the stock is currently experiencing a downturn, its long-term fundamentals and recent investor activity indicate potential resilience.