Why is Jio Financial falling/rising?

As of 29-Aug, Jio Financial Services Ltd's stock price is currently at Rs 311.60, reflecting an increase of Rs 1.5 or 0.48%. The stock has shown a trend reversal today, gaining after six consecutive days of decline. It reached an intraday high of Rs 316.7, which is a 2.13% increase. Despite a one-week decline of 2.85% and a one-month drop of 2.93%, the stock has outperformed its sector by 1.14% today. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 47.72% compared to the five-day average. The company also boasts strong long-term fundamentals, with a significant growth rate 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 benchmark Sensex, which has declined by 1.84% over the past week and 1.88% over the past month. While Jio Financial's year-to-date return is positive at 4.30%, the stock's one-year performance shows a decline of 4.33%, which is worse than the Sensex's decline of 2.83%. This indicates that while the stock is experiencing a short-term recovery, it has faced challenges over a longer horizon compared to the broader market.