Why is JM Financial falling/rising?

As of 24-Sep, JM Financial Ltd's stock price is currently at 170.70, reflecting a decrease of 1.85, or 1.07%. The stock has underperformed its sector today by 0.98%, and while it is trading higher than its 100-day and 200-day moving averages, it is lower than its 5-day, 20-day, and 50-day moving averages. Over the past week, the stock has declined by 2.71%, and in the last month, it has fallen by 11.46%. Despite these short-term declines, the stock has shown strong performance over the longer term, with a year-to-date return of 31.81% and a 1-year return of 18.79%. The company has recently reported positive results after two consecutive negative quarters, which may provide some support for the stock, but its profits have decreased by 12.5%, indicating underlying challenges.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has only declined by 1.18% over the past week. This suggests that JM Financial is facing specific challenges that are not affecting the broader market to the same extent. The stock's high institutional holdings at 24.22% indicate that knowledgeable investors are backing the company, which could provide some stability. However, the stock's current trading at a premium compared to its peers and the recent decline in profits may be contributing to investor caution, leading to the observed price drop.