Why is JM Financial falling/rising?

As of 29-Jul, JM Financial Ltd is experiencing a slight increase in its stock price, currently at 163.20, with a change of 0.3, representing a 0.18% rise. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite a recent drop of 4.00% over the past week, it has performed positively over the past month with a return of 2.42%. The stock is trading above its 50-day, 100-day, and 200-day moving averages, although it is below its 5-day and 20-day moving averages. Notably, the stock has generated a significant return of 59.50% over the past year, despite a decline in profits of 34.7%. High institutional holdings at 24.22% suggest that informed investors are backing the stock, which may contribute to its recent price stability.
In the broader market context, JM Financial's recent performance contrasts with the benchmark Sensex, which has declined by 1.03% over the past week. While the stock has outperformed the benchmark in the long term, it is currently facing a decrease in investor participation, as indicated by an 18.97% drop in delivery volume compared to the 5-day average. This decline in participation could be a concern for short-term momentum, but the stock's strong historical performance and fair valuation may provide a buffer against broader market fluctuations. Overall, JM Financial's recent price movement reflects a combination of positive long-term returns and current challenges in investor engagement.