Why is Jio Financial falling/rising?

As of 19-Sep, Jio Financial Services Ltd is currently priced at 316.90, reflecting a decrease of 0.35, or 0.11%. The stock has experienced a trend reversal, falling after seven consecutive days of gains. Despite this recent decline, the stock has shown a positive performance over the past week with a return of 1.85%, although it has underperformed over the past month with a decline of 4.33%. The stock remains above its 5-day, 20-day, 100-day, and 200-day moving averages, but is below its 50-day moving average. Notably, there has been rising investor participation, with delivery volume increasing by 0.8% against the 5-day average, indicating continued interest in the stock. Additionally, the company has strong long-term fundamentals, with significant growth in operating profits and net sales, and high institutional holdings which have 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 0.88% over the past week. While the stock has shown resilience in the short term, its longer-term performance has been less favorable, with a decline of 8.46% over the past year compared to a slight decrease of 0.67% in the Sensex. This suggests that while the stock has some strong fundamentals and institutional support, it is currently facing challenges that are impacting its price movement relative to the broader market.