Why is JM Financial falling/rising?

As of 30-Jul, JM Financial Ltd's stock price is currently at 157.35, reflecting a decrease of 5.85, or 3.58%. The stock has underperformed its sector today by 3.68%, reaching an intraday low of Rs 156.15, which is a decline of 4.32%. The trading volume has also seen a significant drop, with delivery volume falling by 45.12% compared to the 5-day average. Despite a strong performance over the long term, with a 51.77% return in the last year and outperforming the BSE500 over various periods, the current short-term decline suggests a shift in investor sentiment, possibly influenced by the recent drop in trading activity and lower participation.
In the broader market context, JM Financial's short-term performance has been notably weaker than the benchmark, with a 1-week return of -12.39% compared to the Sensex's -1.50%. This stark contrast indicates that while the company has shown strong long-term growth, recent trends suggest a decline in investor confidence, which may be exacerbated by the overall market conditions. The high institutional holdings at 24.22% may provide some stability, as these investors typically have the resources to analyze the company's fundamentals more effectively than retail investors. However, the current liquidity and trading dynamics indicate a cautious approach among investors in the short term.