Why is Jayaswal Neco falling/rising?

As of 01-Sep, Jayaswal Neco Industries Ltd is currently priced at 57.79, reflecting a slight increase of 0.03 or 0.05%. The stock has shown mixed performance recently, underperforming its sector by 1.16% today. While it has outperformed the benchmark Sensex over the past month with an 18.33% increase compared to a slight decline of 0.29% for the index, it has experienced a 3.47% drop over the past week. Despite the positive long-term growth indicators, including a significant operating profit increase and consistent returns over the last three years, the stock faces risks due to a high percentage of pledged promoter shares, which could exert downward pressure in volatile market conditions.
Broader Market Context: In the short term, Jayaswal Neco's performance has been less favorable compared to the Sensex, which has declined by 1.56% over the past week while the stock itself has also fallen. This underperformance, combined with a notable decrease in investor participation, as indicated by a 32.31% drop in delivery volume, suggests a cautious sentiment among investors. Overall, while the company has demonstrated strong fundamentals and growth potential, the current market dynamics and risks associated with pledged shares may be contributing to the stock's recent price movements.