Why is JM Financial falling/rising?

As of 18-Sep, JM Financial Ltd's stock price is currently at 176.10, reflecting an increase of 0.65 or 0.37%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is important to note that the stock's delivery volume has decreased significantly, falling by 44.37% against the 5-day average. Over the past week, the stock has underperformed with a return of -2.55%, while it has performed well over the longer term, with a year-to-date return of 35.98% and a one-year return of 40.37%. The company has recently reported positive results after two negative quarters, showcasing a strong debt-equity ratio and high institutional holdings, which may contribute to investor confidence despite recent volatility.
In the broader market context, the Sensex has risen by 1.80% over the past week, contrasting with JM Financial's decline. This suggests that while the stock has faced short-term challenges, it has still outperformed the benchmark over the longer term, particularly in the past year and three years. The stock's premium valuation compared to peers and consistent returns over the last three years indicate a solid foundation, although the recent drop in investor participation may be a concern. Overall, while JM Financial is experiencing short-term fluctuations, its long-term performance and positive financial indicators suggest resilience in a fluctuating market.