Why is JM Financial falling/rising?

As of 29-Aug, JM Financial Ltd's stock price is currently at Rs 177.50, reflecting a decline of Rs 5.15 or 2.82%. The stock has been underperforming, having fallen for four consecutive days, resulting in a total decrease of 7.94% over the past week. Today's trading saw the stock touch an intraday low of Rs 177, with a weighted average price indicating more volume traded near this low. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 56.09% compared to the 5-day average. Despite these challenges, the company has shown positive results in the past quarter, with a high dividend payout and a low debt-equity ratio, contributing to a fair valuation. However, the stock's profits have decreased by 12.5% over the past year, which may be impacting investor sentiment.
In the broader market context, JM Financial's recent performance contrasts with the benchmark Sensex, which has only declined by 1.84% over the past week. While the stock has generated a substantial return of 66.28% over the past year, it is currently underperforming compared to the benchmark's 2.14% increase year-to-date. The stock's high institutional holdings at 24.22% suggest that more informed investors are involved, yet the recent price movement indicates a cautious outlook among retail investors. Overall, the combination of declining short-term performance, reduced trading volume, and falling profits appears to be contributing to the stock's current downward trend.