Why is JM Financial falling/rising?

As of 10-Jul, JM Financial Ltd's stock price is currently at Rs 168.40, reflecting a decrease of Rs 1.2 or 0.71%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 1.35%. It is currently 3.18% away from its 52-week high of Rs 173.75. Despite this recent dip, the stock has shown strong performance over the past year, generating an impressive return of 82.11%. However, it is important to note that the company's profits have decreased by 34.7% during the same period, which may be contributing to investor caution. Additionally, the stock is trading at a premium compared to its peers, and there has been a notable decline in investor participation, with delivery volume falling by 35.16% against the 5-day average.
In the broader market context, JM Financial's short-term performance has outpaced the benchmark Sensex, which has seen a slight decline of 0.06% over the past week, while JM Financial has increased by 0.87%. This indicates that the stock has been relatively resilient compared to the market. However, the recent drop in price and the falling investor participation suggest a cautious sentiment among investors, despite the stock's strong long-term performance and high institutional holdings of 24.55%. The combination of these factors may be influencing the stock's current downward movement, as investors weigh the company's declining profits against its historical returns and market position.