Why is JM Financial falling/rising?

As of 23-Sep, JM Financial Ltd's stock price is currently at Rs 172.65, reflecting an increase of Rs 1.45 or 0.85%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It outperformed its sector by 0.52% today and reached an intraday high of Rs 175.95, which is a 2.77% increase. Despite a 10.45% decline over the past month, the stock has generated a substantial return of 34.94% over the last year, outperforming the BSE500 index in various time frames. The company has recently declared positive results after two negative quarters, with a notable increase in delivery volume, indicating rising investor participation and liquidity. Broader market context reveals that while JM Financial has experienced a short-term decline of 3.01% over the past week, the broader Sensex has only decreased by 0.34% during the same period. This suggests that the stock's recent performance is relatively weaker compared to the overall market. However, the company's strong fundamentals, including a low debt-equity ratio and high institutional holdings, provide a solid foundation for its long-term performance, which has significantly outpaced the market over the last three years.