Why is JM Financial falling/rising?

As of 26-Jun, JM Financial Ltd's stock price is currently at 155.95, reflecting an increase of 1.1, or 0.71%. The stock has been on an upward trend, gaining for the last three days with a total return of 11.63% during this period. It has also outperformed the benchmark Sensex significantly over various time frames, including a 27.51% increase over the past month and an impressive 84.29% over the past year. However, despite this strong performance, the stock is currently trading at a premium compared to its peers, and its profits have declined by 34.7% over the past year, which may temper investor enthusiasm. The high institutional holdings at 24.55% suggest that knowledgeable investors are backing the stock, which could provide some stability.
In the broader market context, JM Financial's recent performance has outpaced the Sensex, which has only increased by 2.94% over the past week and 1.92% over the past month. This indicates that JM Financial is not only performing well in the short term but also has a strong long-term track record, having beaten the BSE 500 over the last three years and one year. The stock's liquidity is also favorable, with a significant increase in delivery volume, suggesting rising investor participation. However, it is important to note that the stock underperformed its sector by 0.62% today, which could indicate some short-term volatility despite its overall positive trajectory.