Why is Jio Financial falling/rising?

As of 05-Sep, Jio Financial Services Ltd is currently priced at 309.35, reflecting a slight increase of 0.15 or 0.05%. Despite this minor uptick, the stock has underperformed its sector by 0.44% today and has shown a negative trend over the past week and month, with declines of 0.72% and 7.05%, 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, indicating mixed short-term momentum. Additionally, there has been a notable decrease in investor participation, as the delivery volume fell by 17.37% compared to the 5-day average. However, the company demonstrates 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 Sensex, which has gained 1.13% over the past week and remained flat over the past month. While Jio Financial has shown a year-to-date gain of 3.55%, its one-year return of -10.42% significantly underperforms the Sensex's decline of only 1.81%. This disparity highlights the stock's challenges in attracting investor confidence in the short term, despite its strong long-term growth potential and institutional backing.