Why is Jayaswal Neco falling/rising?

As of 26-Aug, Jayaswal Neco Industries Ltd is experiencing a decline in its stock price, currently at Rs 58.80, which reflects a decrease of Rs 1.07 or 1.79%. The stock has been on a downward trend for the past four days, with a total decline of 7.27% during this period. Despite touching an intraday high of Rs 61.48, the stock also reached a low of Rs 58.55 today. Over the past week, the stock has underperformed with a return of -7.08%, while it has shown strong performance over the longer term, with a 39.24% increase over the past month and a remarkable 1809.09% rise over the last five years. The company's positive financial results, including a significant growth in operating profit and attractive valuation metrics, suggest strong fundamentals; however, the high percentage of pledged promoter shares (99.87%) raises concerns, particularly in a falling market.
In the broader market context, the Sensex has also seen a slight decline of 1.05% over the past week, indicating a challenging environment for stocks in general. While Jayaswal Neco's longer-term performance has outpaced the benchmark, the recent short-term performance contrasts sharply with the Sensex's relatively stable decline. The falling investor participation, evidenced by a 38.12% drop in delivery volume, further complicates the stock's outlook, suggesting that despite its strong fundamentals, the current market sentiment is negatively impacting its price.