Why is JM Financial falling/rising?

As of 12-Sep, JM Financial Ltd's stock price is currently at 180.15, reflecting a decrease of 0.55, or 0.3%. The stock has underperformed its sector today by 1.5%, and while it is trading above the 50-day, 100-day, and 200-day moving averages, it is below the 5-day and 20-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 18.05% compared to the 5-day average. Despite a strong performance over the past year with a return of 41.02%, the company's profits have decreased by 12.5%, which may be contributing to the recent price movement. The stock is also trading at a premium compared to its peers, and while it has high institutional holdings at 24.22%, the recent negative quarterly results may be affecting investor sentiment.
In the broader market context, JM Financial's short-term performance has been less favorable compared to the benchmark, with a 1-week return of -2.25% against the Sensex's gain of 1.48%. However, over the longer term, the stock has shown significant resilience, outperforming the BSE500 over the last three years with a return of 169.08%. This contrast between short-term underperformance and long-term gains highlights the complexities of market sentiment and investor behavior, particularly in light of the recent quarterly results and the stock's valuation relative to its peers.