Why is JM Financial falling/rising?

As of 28-Aug, JM Financial Ltd is experiencing a decline in its stock price, currently at Rs 182.65, which reflects a decrease of Rs 3.9 or 2.09%. The stock has underperformed its sector today by 1.02% and has been on a downward trend for the last three days, accumulating a total loss of 5.26%. Additionally, the stock touched an intraday low of Rs 177.35, indicating significant selling pressure. Despite a strong performance over the past year with a return of 79.42%, the stock has faced challenges recently, including a drop in delivery volume by 33.92% compared to its 5-day average, suggesting reduced investor interest. While the company has reported positive results and maintains a strong debt-equity ratio, its profits have fallen by 12.5%, which may be contributing to the current price decline.
In the broader market context, JM Financial's short-term performance has been weaker than the benchmark, with a 1-week return of -3.82% compared to the Sensex's decline of 2.34%. This underperformance in the short term contrasts with the stock's strong long-term returns, where it has outperformed the BSE500 over various periods. The high institutional holdings at 24.22% indicate that informed investors are backing the stock, but the recent negative sentiment and falling investor participation could be weighing on its price. Overall, while the company has demonstrated solid fundamentals and long-term growth, the recent price movement reflects a combination of short-term selling pressure and declining investor engagement.