Why is Jio Financial falling/rising?

As of 23-Sep, Jio Financial Services Ltd is experiencing a decline in its stock price, currently at 312.40, which reflects a decrease of 1.45 or 0.46%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 1.53%. Additionally, it has underperformed its sector by 0.79% today. Over the past week, the stock has decreased by 0.98%, and over the past month, it has seen a more significant drop of 2.60%. Despite this, the company shows strong long-term fundamentals, with a remarkable 462.61% CAGR growth in operating profits and a substantial increase in net sales at an annual rate of 600.50%. The high institutional holdings at 27.17% indicate confidence from knowledgeable investors, although the recent decline in delivery volume by 43.71% against the 5-day average suggests waning investor interest.
In the broader market context, Jio Financial's recent performance contrasts with the benchmark Sensex, which has seen a slight increase of 0.98% over the past month. The stock's short-term returns have not kept pace with the benchmark, as it has underperformed both in the weekly and monthly comparisons. While the company maintains strong long-term growth potential, the current market sentiment appears to be cautious, reflected in the stock's recent price movements and declining investor participation.