Why is Jayaswal Neco falling/rising?

As of 30-Sep, Jayaswal Neco Industries Ltd's stock price is currently at Rs 67.47, reflecting a decline of Rs 1.16 or 1.69%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 6.21% during this period. Today's trading saw the stock reach an intraday low of Rs 66.69, and the volume of shares traded has decreased significantly, with a 37.6% drop in delivery volume compared to the five-day average. Despite a strong long-term growth outlook, including a remarkable 73% increase year-to-date and a healthy operating profit growth, the high percentage of pledged promoter shares (99.87%) raises concerns, particularly in a declining market.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 5.12% decline over the past week compared to a 2.23% drop in the Sensex. While the stock has shown impressive returns over longer periods, outperforming the benchmark significantly over one year, three years, and five years, the recent negative momentum and falling investor participation indicate a shift in market sentiment. The combination of declining short-term performance, high pledged shares, and reduced trading volume suggests that investors are cautious, contributing to the stock's current downward trend.