Why is JM Financial falling/rising?

As of 04-Sep, JM Financial Ltd's stock is currently priced at Rs 182.40, reflecting a decrease of Rs 7.2 or 3.8%. Today's price summary indicates that the stock has underperformed its sector by 4.21%, having touched an intraday low of Rs 181.65. Despite a strong performance over the past month with a return of 16.07%, the stock has seen a decline of 0.14% over the past week. While the stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, it is below its 5-day moving average. The company has recently declared positive results after two consecutive negative quarters, which may have contributed to rising investor participation, as evidenced by a significant increase in delivery volume.
Broader market context shows that the Sensex has gained 0.80% over the past week, contrasting with JM Financial's slight decline. Although the stock has outperformed the benchmark over longer periods, including a 49.63% return over the past year, the recent drop in price may reflect profit-taking or market corrections following its strong performance. Additionally, while the stock has a solid debt-equity ratio and high institutional holdings, the decline in profits by 12.5% over the past year may be causing some investor concern, leading to the current downward movement in stock price.