Why is Jayaswal Neco falling/rising?

As of 23-Sep, Jayaswal Neco Industries Ltd is experiencing a slight increase in its stock price, currently at 71.11, with a change of 0.27, representing a 0.38% rise. Despite this positive movement, the stock has underperformed its sector by 0.91% today. Over the last two days, the stock has gained 2.05%, although it has seen a decline of 0.74% over the past week. The stock's performance over the last month shows a significant increase of 17.01%, and it has delivered impressive returns of 82.33% year-to-date and 39.43% over the past year. However, the delivery volume has decreased by 31.52% compared to the five-day average, indicating falling investor participation, which could impact future price movements. The company has shown strong financial health with a 37.36% annual growth in operating profit, and it has declared positive results for the last two consecutive quarters, contributing to its favorable long-term growth outlook.
In the broader market context, while the stock has outperformed the Sensex over the long term, it has underperformed in the short term, with a 0.74% decline over the past week compared to the benchmark's 0.34% decline. The high percentage of pledged promoter shares, currently at 99.87%, poses a risk, particularly in falling markets, as it can exert additional downward pressure on stock prices. Despite these risks, the stock is trading at a discount compared to its peers and has shown a strong performance relative to the BSE500 over various time frames, indicating a market-beating performance in the long term.