Why is Jayaswal Neco falling/rising?

As of 22-Aug, Jayaswal Neco Industries Ltd is experiencing a decline in its stock price, currently at Rs 60.77, down by 1.78 (-2.85%). The stock has underperformed its sector by 1.65% today and has been on a consecutive fall for the last two days, resulting in a total decline of 4.16% during this period. Despite touching an intraday high of Rs 64.7, the stock also reached a low of Rs 60.38, indicating volatility. Over the past week, the stock has shown a positive return of 5.56%, and it has significantly outperformed the benchmark Sensex over various periods, including a remarkable 69.18% increase over the last month. However, the recent drop in delivery volume by 61.37% against the 5-day average suggests a decrease in investor participation, which may be contributing to the stock's downward movement.
In the broader market context, while Jayaswal Neco has outperformed the Sensex over the past week and month, the overall market sentiment may be affecting its price negatively. The company's strong long-term growth indicators, such as a 37.36% annual growth rate in operating profit and a high interest coverage ratio, suggest a solid financial foundation. However, the risk associated with 99.87% of promoter shares being pledged could add downward pressure in a falling market, particularly as the proportion of pledged holdings has increased recently. This combination of strong performance metrics and significant risks may be creating a complex environment for the stock, leading to its current decline despite its historical outperformance.