Why is Jainam Ferro falling/rising?

As of 23-Sep, Jainam Ferro Alloys (I) Ltd is experiencing a decline in its stock price, currently at 265.75, which reflects a decrease of 7.6 points or 2.78%. The stock has underperformed its sector today by 5.23%. In terms of returns, over the past week, the stock has dropped by 12.87%, while it has shown a significant increase of 71.67% over the past year, despite the broader market (BSE500) generating negative returns of -4.69% during the same period. The stock's performance is currently higher than its 200-day moving average but lower than its 5-day, 20-day, 50-day, and 100-day moving averages. The company maintains a low debt-to-equity ratio, which is a positive aspect, but the recent price drop indicates a short-term struggle.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has only declined by 0.28% over the past week. This suggests that while Jainam Ferro has been a strong performer over the longer term, its short-term volatility is notable. The stock's significant year-to-date gain of 28.47% also highlights its potential, but the recent underperformance may be causing investor concern. Overall, the combination of short-term price decline, sector underperformance, and a strong long-term track record creates a complex picture for Jainam Ferro's stock movement.