Why is Jayaswal Neco falling/rising?

As of 17-Jul, Jayaswal Neco Industries Ltd is experiencing a decline in its stock price, currently at Rs 41.54, which represents a decrease of 9.96 points or 19.34%. Today's price summary indicates that the stock has underperformed its sector by 19.81% and has fallen after four consecutive days of gains. The stock touched an intraday low of Rs 40.87, reflecting a significant drop of 20.64%. Despite this decline, the stock has shown positive returns over the past week (+9.03%) and month (+6.59%), although it has generated a negative return of -11.99% over the past year. The company has reported strong long-term growth indicators, including a remarkable increase in net profit and operating profit, but its stock price has not reflected these improvements, likely due to a recent profit decline of 47.6%.
In the broader market context, while the Sensex has seen a slight decline of 1.12% over the past week, Jayaswal Neco's recent performance has been more favorable in the short term. However, the stock's volatility today, with an intraday fluctuation of 14.56%, suggests that investor sentiment may be cautious. The stock is trading above its moving averages, indicating a potential for recovery, but the significant drop today could be attributed to profit-taking after recent gains and the overall market conditions. The liquidity of the stock remains adequate, with a notable increase in delivery volume, suggesting ongoing investor interest despite the current downturn.