Why is JM Financial falling/rising?

As of 26-Aug, JM Financial Ltd's stock price is currently at Rs 186.55, reflecting a decline of Rs 6.05 or 3.14%. The stock has been underperforming, having fallen consecutively for the last two days, with a total decline of 3.24% during this period. Today's performance indicates that it has underperformed its sector by 1.19%. Despite this recent downturn, the stock has shown strong long-term performance, with an impressive 82.18% return over the past year and a 188.78% return over the last three years. Positive factors contributing to its overall strength include a recent declaration of positive results after two negative quarters, a high dividend per share, and a low debt-equity ratio, alongside significant institutional holdings which suggest confidence in the company's fundamentals.
In the broader market context, JM Financial's short-term performance has been slightly better than the benchmark, with a 1-week return of -0.93% compared to the Sensex's -1.05%. However, the finance/NBFC sector as a whole has seen a decline of 2.02%, which may be influencing JM Financial's stock movement. Additionally, a decrease in investor participation, as indicated by a 20.6% drop in delivery volume, could be contributing to the stock's recent price decline. Overall, while the stock has demonstrated strong long-term performance, current market conditions and sector-specific challenges appear to be impacting its short-term price movement negatively.