Why is Jayaswal Neco falling/rising?

As of 04-Sep, Jayaswal Neco Industries Ltd is currently priced at 59.25, reflecting a decrease of 0.5, or 0.84%. The stock has experienced a trend reversal, falling after three consecutive days of gains. Despite this recent decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. However, there has been a 4.5% drop in delivery volume compared to the 5-day average, suggesting a decrease in investor participation. Over the past year, the stock has generated a return of 23.95%, significantly outperforming the Sensex, which has declined by 1.98% during the same period. The company's strong financial performance, with a 37.36% annual growth in operating profit and a notable increase in profits, supports its long-term growth potential. However, the high percentage of pledged promoter shares, now at 99.87%, poses a risk, especially in a falling market.
Broader Market Context: In the short term, the stock has gained 0.42% over the past week, while the Sensex has increased by 0.80%, indicating that Jayaswal Neco is performing slightly below the benchmark. Despite the recent decline, the stock has shown remarkable long-term performance, with a 151.06% increase over the past three years compared to the Sensex's 37.27%. The company's attractive valuation, as indicated by its PEG ratio of 0.5, and its ability to generate substantial returns in the long term, further highlight its resilience in the market. However, the increase in pledged shares may create additional downward pressure, which could impact investor sentiment and stock performance in the near term.