Why is Jio Financial falling/rising?

As of 12-Sep, Jio Financial Services Ltd is currently priced at 311.15, reflecting a slight increase of 0.45, or 0.14%. The stock has been gaining for the last three days, with a total return of 0.99% during this period. However, it has underperformed its sector by 1.06% today. Over the past week, the stock has seen a modest increase of 0.58%, but it has declined by 4.85% over the past month. Despite these short-term fluctuations, the company exhibits strong long-term fundamental strength, with an impressive 462.61% compound annual growth rate (CAGR) in operating profits and a significant annual growth rate of 600.50% in net sales. Additionally, institutional holdings have risen by 1.13% over the previous quarter, indicating confidence from larger investors.
In the broader market context, Jio Financial's recent performance has been relatively weak compared to the benchmark Sensex, which has increased by 1.48% over the past week. While the stock has shown some resilience with a year-to-date increase of 4.15%, it has underperformed on a one-year basis, declining by 11.00% compared to the Sensex's slight decline of 1.28%. The stock's liquidity is adequate, with a delivery volume that has increased against the five-day average, suggesting that investor participation is rising. However, the stock remains below its 20-day and 50-day moving averages, which may indicate some challenges in sustaining upward momentum in the near term.