Why is Jayaswal Neco falling/rising?

As of 25-Jul, Jayaswal Neco Industries Ltd is experiencing a decline in its stock price, currently at Rs 42.23, which represents a decrease of 3.65 or 7.96%. Today's price summary indicates that the stock has underperformed its sector by 6.16%, following a trend reversal after two consecutive days of gains. The stock reached an intraday high of Rs 47.28 but fell to a low of Rs 40.05, showcasing high volatility with an intraday fluctuation of 9.44%. Despite positive long-term growth indicators, such as a significant increase in operating profit and attractive valuations compared to peers, the stock's performance over the past year has been poor, with a return of -10.30%. Additionally, the high percentage of pledged promoter shares (99.87%) adds downward pressure in a falling market, further complicating the stock's outlook.
In the broader market context, the stock has shown a positive return of 4.87% over the past week, while the benchmark Sensex has declined by 0.36%. However, over the last year, Jayaswal Neco has underperformed the market significantly, with a drop of 10.30% compared to the BSE500's slight negative return of -0.19%. This underperformance, combined with the recent volatility and high levels of pledged shares, contributes to the stock's current decline, despite its strong fundamentals and growth potential.