Why is Jayaswal Neco falling/rising?

As of 13-Aug, Jayaswal Neco Industries Ltd is experiencing a decline in its stock price, currently at Rs. 58.65, which reflects a decrease of Rs. 0.98 or 1.64%. Despite this recent drop, the stock has shown strong performance over the past week and month, with returns of 8.49% and 53.86%, respectively. Today, the stock hit a new 52-week high of Rs. 62.34 but has underperformed its sector by 2.21%. The stock has also seen a trend reversal after three consecutive days of gains. Positive factors contributing to its overall performance include significant growth in operating profit and consistent returns over the past three years, although the high percentage of pledged promoter shares poses a risk that may exert downward pressure on the stock price.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has remained relatively flat, showing a change of -0.01% over the past week. This indicates that while Jayaswal Neco has outperformed the benchmark in the short term, the recent decline may reflect profit-taking or concerns regarding the pledged shares. The stock's liquidity remains adequate, with a delivery volume increase of 86.5% against the five-day average, suggesting continued investor interest despite the current price drop.