Why is JM Financial falling/rising?

As of 10-Nov, JM Financial Ltd is experiencing a decline in its stock price, currently at Rs 146.85, which represents a decrease of 12.0 points or 7.55%. The stock has underperformed its sector today by 8.09% and has been on a consecutive downward trend for the last four days, resulting in a total drop of 12.3% over that period. The stock reached an intraday low of Rs 145.1 and has shown high volatility with an intraday fluctuation of 5.97%. Although the stock is trading above its 200-day moving average, it is below the 5-day, 20-day, 50-day, and 100-day moving averages. Positive factors include strong operating cash flow and significant growth in profit after tax, but the stock's profits have fallen by 12.1% over the past year, contributing to its recent decline.
In the broader market context, JM Financial's short-term performance has significantly lagged behind the benchmark Sensex, which has only decreased by 0.53% over the past week while JM Financial has dropped by 12.30%. Despite a year-to-date return of 13.40%, the stock's recent performance contrasts sharply with the benchmark's 6.91% increase. The high institutional holdings at 23.99% suggest that informed investors are closely monitoring the stock's fundamentals, which may influence future price movements. Overall, the combination of recent poor performance, high volatility, and declining profits relative to the benchmark has led to the stock's current downward trend.