Why is JM Financial falling/rising?

As of 11-Aug, JM Financial Ltd's stock price is currently at 160.15, reflecting an increase of 5.2, or 3.36%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 3.96% during this period. It has outperformed its sector by 2.67% today, and the stock reached an intraday high of Rs 166.85, which is a 7.68% increase. Over the past week, the stock has shown a positive return of 1.91%, while it has delivered a substantial 64.76% return over the past year, significantly outperforming the Sensex, which only increased by 1.13% in the same timeframe. The company has recently reported positive results after two consecutive negative quarters, with a notable increase in delivery volume, indicating rising investor participation.
In the broader market context, JM Financial's recent performance stands in contrast to the Sensex, which has declined by 0.51% over the past week. The stock's strong performance is supported by high institutional holdings at 24.22%, suggesting confidence from investors with greater analytical resources. Despite a slight decline in profits of 12.5% over the past year, the stock is trading at a premium compared to its peers, reflecting a fair valuation with a Price to Book Value of 1.6. The company's positive financial indicators, including the highest DPS and the lowest debt-equity ratio, further bolster investor sentiment, contributing to the stock's rising price.