Why is JM Financial falling/rising?

As of 13-Nov, JM Financial Ltd's stock price is currently at 154.05, reflecting an increase of 2.6 or 1.72%. The stock has been gaining for the last three days, with a total return of 4.9% during this period. Although the stock has underperformed in the short term, with a 1-week decline of 4.88% and a 1-month decline of 13.24%, it has shown strong performance year-to-date with an 18.96% increase. Positive factors contributing to the stock's recent movement include impressive operating cash flow and profit growth, alongside high institutional holdings, which suggest confidence from knowledgeable investors. However, the stock's profits have decreased by 12.1% over the past year, indicating some underlying challenges.
Broader market context shows that while JM Financial has outperformed the sector today by 1.74%, it has lagged behind the benchmark Sensex in the short term, which has gained 1.40% over the past week and 2.61% over the past month. This contrast highlights the stock's recent volatility despite its strong long-term performance, where it has consistently outperformed the BSE500 over the last three years. The falling investor participation, as indicated by a significant drop in delivery volume, may also reflect caution among retail investors, further influencing the stock's price movement in the current market environment.