Why is JM Financial falling/rising?

As of 25-Jul, JM Financial Ltd's stock price is currently at Rs 168.55, reflecting a decrease of Rs 8.45 or 4.77%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 6.15% during this period. Today's performance indicates that it underperformed its sector by 2.65%, with an intraday low of Rs 167.8. Despite a strong year-to-date return of 30.15% and a remarkable 68.48% increase over the past year, the stock's profits have decreased by 34.7%, which may be contributing to the recent price decline. Additionally, while the stock is trading at a premium compared to its peers, it has a fair valuation with a return on equity of 8.4 and high institutional holdings at 24.22%, suggesting some investor confidence.
In the broader market context, the stock's short-term performance has been slightly better than the benchmark, with a 1-week return of -0.27% compared to the Sensex's -0.36%. However, the finance/NBFC sector has experienced a decline of 2.12%, which may be impacting JM Financial's performance. The stock's liquidity remains adequate for trading, and there has been a notable increase in delivery volume, indicating rising investor participation. Despite the recent downturn, JM Financial has demonstrated strong long-term performance, outperforming the BSE500 over various time frames, which may provide some resilience against current market pressures.