Why is JM Financial falling/rising?

As of 08-Aug, JM Financial Ltd is currently priced at 154.95, reflecting a slight increase of 0.25 or 0.16%. The stock has shown a positive performance today, outperforming its sector by 0.87% and has been on a gaining streak for the last three days, with a total return of 0.58% during this period. However, despite a strong one-year return of 57.63%, the stock has faced challenges, including a significant profit decline of 34.7% over the past year. Additionally, while the stock's return on equity stands at 8.4% and it trades at a premium compared to peers, its operating profit has seen a negative annual growth rate of 1.48%, indicating concerns about long-term growth potential.
In the broader market context, JM Financial's short-term performance has been notably better than the benchmark, with a one-week return of 1.97% compared to the Sensex's decline of 0.92%. This indicates that, despite the stock's recent gains, it is still facing headwinds from declining investor participation, as evidenced by a 26.42% drop in delivery volume compared to the five-day average. The high institutional holdings at 24.22% suggest that informed investors are backing the stock, yet the overall market sentiment remains cautious due to the company's declining sales and profits.