Why is Jio Financial falling/rising?

As of 04-Sep, Jio Financial Services Ltd is currently priced at 309.20, reflecting a decrease of 4.4 points or 1.4%. The stock has underperformed its sector today by 1.81%, and its delivery volume has fallen by 7.79% compared to the 5-day average, indicating a decline in investor participation. Over the past week, the stock has decreased by 0.29%, and over the past month, it has seen a more significant decline of 7.30%. Despite a year-to-date increase of 3.50%, the stock has underperformed over the past year with a drop of 10.94%. However, it does show strong long-term fundamentals, with impressive growth rates in net sales and operating profits, and high institutional holdings, which have increased by 1.13% over the previous quarter.
In the broader market context, the Sensex has risen by 0.80% over the past week, contrasting with Jio Financial's decline, suggesting that the stock is not keeping pace with the overall market performance. While the stock has shown positive long-term growth indicators, the recent short-term performance and declining investor interest may be contributing to its current downward price movement. The stock's liquidity remains adequate for trading, but the recent underperformance relative to both the sector and the benchmark indicates challenges that may be affecting investor sentiment.