Why is JM Financial falling/rising?

As of 19-Sep, JM Financial Ltd's stock price is currently at Rs 171.60, reflecting a decrease of Rs 4.5 or 2.56%. Today's price summary indicates that the stock has underperformed its sector by 2.06%, with an intraday low of Rs 171.05, marking a decline of 2.87%. Over the past week, the stock has seen a return of -4.75%, while its performance over the last month shows a decline of 8.87%. Despite a strong year-to-date return of 32.51% and a notable 38.39% increase over the past year, the stock's profits have decreased by 12.5%. The company has recently reported positive results after two consecutive quarters of losses, with a high dividend per share and a low debt-equity ratio, but the falling investor participation, as evidenced by a 49.33% drop in delivery volume, may be contributing to the current price decline.
In the broader market context, the Sensex has shown a positive return of 0.88% over the past week and 1.20% over the last month, contrasting with JM Financial's negative short-term performance. This divergence suggests that while the overall market is experiencing gains, JM Financial is struggling to maintain its momentum. The stock's higher institutional holdings at 24.22% indicate a level of confidence from more sophisticated investors, yet the recent underperformance relative to the benchmark may be causing concern among retail investors, leading to the observed price drop.