Why is Jayaswal Neco falling/rising?

As of 01-Aug, Jayaswal Neco Industries Ltd is experiencing a decline in its stock price, currently at Rs 48.84, which reflects a decrease of Rs 3.64 or 6.94%. Today's price summary indicates that the stock has underperformed its sector by 4.68% and has fallen after three consecutive days of gains. The stock reached an intraday high of Rs 53.74 but also touched a low of Rs 48.32, indicating high volatility with a wide trading range of Rs 5.42. Despite a strong performance over the past month with a return of 37.77%, the stock has generated a negative return of 6.97% over the past year. Positive factors include a healthy long-term growth outlook, with operating profit growing at an annual rate of 37.36%, but the risk of 99.87% of promoter shares being pledged adds downward pressure in a falling market.
Broader market context shows that while Jayaswal Neco has outperformed the Sensex in the short term, with a 15.65% return over the past week compared to the benchmark's decline of 1.06%, the overall market sentiment appears to be affecting the stock negatively today. The steel sector, in which the company operates, has also seen a decline of 2.25%, contributing to the stock's downward movement. Additionally, a significant drop in investor participation, with delivery volume falling by 49.35% against the five-day average, suggests reduced confidence among investors, further impacting the stock's price negatively.