Why is JM Financial falling/rising?

As of 25-Aug, JM Financial Ltd is currently priced at Rs 192.60, reflecting a slight decline of 0.2 (-0.1%). The stock has shown a strong performance over the past week, gaining 3.35%, and has significantly outperformed the benchmark Sensex, which rose only 0.45%. Over the past month, JM Financial has increased by 14.27%, while the Sensex has only seen a 0.21% rise. Despite today's minor decline, the stock is trading above its moving averages across various time frames, indicating a generally positive trend. The company has recently reported positive financial results, including the highest dividend per share and a low debt-equity ratio, which has likely contributed to investor confidence and participation, as evidenced by a notable increase in delivery volume.
In the broader market context, JM Financial's performance has been impressive, with a year-to-date return of 48.73% compared to the Sensex's 4.48%. This strong performance has attracted institutional investors, who hold a significant portion of the stock, suggesting confidence in its fundamentals. However, the stock has experienced a slight pullback after two consecutive days of gains, which may be a natural market correction. Overall, while the stock is currently experiencing a minor decline, its long-term performance remains robust, indicating that the recent price movement may not reflect a fundamental weakness but rather a temporary fluctuation in the market.