Why is JM Financial falling/rising?

As of 30-Jun, JM Financial Ltd is currently priced at 159.35, showing no change (0.00%). The stock has demonstrated strong performance over various periods, with a 1-year return of 82.05% and a 3-year return of 160.59%, significantly outperforming the Sensex, which has only increased by 5.79% in the same timeframe. However, despite these impressive returns, the stock has underperformed its sector by 0.52% today, and there has been a notable decline in investor participation, with delivery volume falling by 27.95% compared to the 5-day average. Additionally, while the stock is trading above its moving averages, it is also trading at a premium relative to its peers, and its profits have decreased by 34.7% over the past year, which may raise concerns among investors.
In the broader market context, JM Financial's short-term performance has been strong, with a 1-week return of 14.07% compared to the Sensex's 2.09%. This indicates that the stock is currently outperforming the benchmark in the short term. However, the high institutional holdings at 24.55% suggest that informed investors are backing the stock, which could provide some stability. Despite the stock's strong historical performance, the combination of falling profits and reduced investor participation may lead to caution among potential buyers, impacting the stock's price movement.