Why is Jio Financial falling/rising?

As of 03-Sep, Jio Financial Services Ltd is currently priced at 313.60, reflecting an increase of 2.15 or 0.69%. The stock's performance today is in line with its sector, although it has shown a decline of 0.68% over the past week and 4.77% over the past month, contrasting with a slight decrease of 0.27% and 0.04% in the Sensex, respectively. The stock is trading above its 100-day and 200-day moving averages but below its 5-day, 20-day, and 50-day moving averages. Additionally, there has been a decrease in investor participation, with delivery volume falling by 1.68% against the 5-day average. Despite these short-term challenges, the company demonstrates strong long-term fundamentals, with a remarkable 462.61% compound annual growth rate (CAGR) in operating profits and a significant increase in net sales at an annual rate of 600.50%. Furthermore, high institutional holdings at 27.17%, which have increased by 1.13% over the previous quarter, suggest confidence from more knowledgeable investors.
In the broader market context, Jio Financial's short-term performance has lagged behind the benchmark, with declines over the past week and month, while the Sensex has remained relatively stable. However, the stock has outperformed the benchmark year-to-date, with a gain of 4.97% compared to the Sensex's 3.11%. This indicates that while the stock faces some short-term pressures, its long-term growth potential and institutional backing may provide a buffer against broader market fluctuations.