Why is JM Financial falling/rising?

As of 15-Sep, JM Financial Ltd is currently priced at 180.45, reflecting a slight increase of 0.3 (0.17%). Despite this minor uptick, the stock has underperformed its sector by 0.3% today and has seen a significant decline in delivery volume, which fell by 46.94% against the 5-day average. Over the past week, the stock has decreased by 6.04%, while it has shown a year-to-date increase of 39.34%. The company has recently reported positive results after two consecutive negative quarters, with a notable increase in its dividend per share and a low debt-equity ratio, which may support its valuation. However, despite these positive indicators, the stock's profits have declined by 12.5% over the past year, which could be contributing to investor caution.
In the broader market context, JM Financial's recent performance contrasts sharply with the Sensex, which has gained 1.24% over the past week. This underperformance relative to the benchmark may be influencing investor sentiment negatively. While the stock has shown consistent returns over the last three years and has high institutional holdings, the recent drop in investor participation and the stock's trading at a premium compared to peers could be causing some investors to reassess their positions. Overall, the combination of positive fundamentals and recent negative trends in trading volume and profit may be leading to a cautious outlook for JM Financial.