Why is JM Financial falling/rising?

As of 01-Aug, JM Financial Ltd is experiencing a decline in its stock price, currently at Rs 152.90, which reflects a decrease of Rs 5.1 or 3.23%. Today's performance indicates that the stock has underperformed its sector by 1.75%, with an intraday low of Rs 151.45, representing a drop of 4.15%. Over the past week, the stock has seen a significant decline of 9.29%, while its year-to-date performance remains positive at 18.07%. However, the stock's profits have fallen by 34.7%, and despite a high institutional holding of 24.22%, the overall sentiment appears to be affected by poor long-term growth, as indicated by an annual operating profit decline of 1.48%.
In the broader market context, JM Financial's short-term performance has been notably weaker compared to the benchmark Sensex, which has only declined by 1.06% over the past week. While the stock has outperformed the BSE500 over the long term, the recent negative results, including a significant drop in net sales and profit after tax, have contributed to a bearish outlook. The falling investor participation, with a 44.03% decrease in delivery volume, further underscores the challenges the stock is facing in maintaining investor confidence amidst its current valuation and performance metrics.