Why is Jio Financial falling/rising?

As of 02-Sep, Jio Financial Services Ltd is currently priced at 311.45, reflecting a decrease of 2.6 points or 0.83%. The stock has underperformed its sector by 0.7% today and has experienced a trend reversal, falling after two consecutive days of gains. Over the past week, the stock has declined by 1.36%, and it has also seen a significant drop of 5.42% over the past month. Additionally, the delivery volume has decreased by 23.72% compared to the five-day average, indicating falling investor participation. Despite these short-term challenges, the company shows strong long-term fundamentals, with impressive growth rates 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 only 0.78% over the past week and 0.55% over the past month. This underperformance suggests that while the overall market is experiencing slight declines, Jio Financial is facing additional pressures that are impacting its stock price more severely. The stock's performance year-to-date remains positive at 4.25%, outperforming the Sensex's 2.58%, but the recent trends indicate a struggle to maintain momentum in the short term.