Why is JM Financial falling/rising?

As of 18-Jul, JM Financial Ltd's stock price is currently at Rs 169.00, reflecting a decrease of -0.2 (-0.12%). The stock has been experiencing a slight decline, having fallen for the last two consecutive days, resulting in a total return of -0.94% during this period. Despite this recent downturn, the stock has shown strong performance over the past month, with a return of +18.35%, and an impressive +73.48% over the last year. However, it is noteworthy that the stock is currently 3.14% away from its 52-week high of Rs 174.3. The stock's liquidity appears adequate for trading, but there has been a significant drop in investor participation, with delivery volume falling by -63.88% against the 5-day average. Additionally, while the stock has a fair valuation with a Price to Book Value of 1.7 and a return on equity of 8.4, its profits have decreased by -34.7% over the past year, which may be contributing to the recent price movement.
In the broader market context, JM Financial's short-term performance has outpaced the benchmark Sensex, which has declined by -0.90% over the past week, while JM Financial has gained +0.96%. This indicates that the stock is maintaining a relative strength compared to the market despite its recent price drop. Furthermore, the stock has high institutional holdings at 24.55%, suggesting that knowledgeable investors are backing the company, which may provide some stability. However, the combination of falling profits and reduced investor participation could be causing some caution among retail investors, impacting the stock's price negatively in the short term.