Why is Jindal Drilling falling/rising?

As of 14-Jul, Jindal Drilling & Industries Ltd is currently priced at 606.00, reflecting a decrease of 4.95 points or 0.81%. The stock has been underperforming, having lost 1.06% over the last two days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has seen a decline in delivery volume, which has fallen by 13.33% against the 5-day average. Over the past month, the stock has decreased by 9.21%, while it has experienced a year-to-date decline of 21.75%. Despite these short-term challenges, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 30.81% and operating profit rising by 64.46%. The low debt-to-equity ratio and attractive valuation metrics may provide some support for the stock's fundamentals.
In the broader market context, Jindal Drilling's recent performance contrasts with the Sensex, which has gained 1.40% over the past month. The stock's short-term return of -9.21% indicates significant underperformance compared to the benchmark's positive movement. However, the increase in institutional investor participation, with a 1.3% rise in their stake, suggests a level of confidence in the company's fundamentals that may not be reflected in the current stock price. Overall, while the stock faces immediate downward pressure, its long-term growth potential and improving institutional interest could provide a foundation for future recovery.