Why is Jindal Drilling falling/rising?

As of 16-Jul, Jindal Drilling & Industries Ltd is experiencing a price increase, currently at Rs 612.80, reflecting a change of 2.85 (0.47%) upward. The stock has outperformed its sector by 0.36% today and has shown a consecutive gain over the last two days, rising 1.12% in that period. Despite a decline of 9.08% over the past month and a year-to-date drop of 20.87%, the company has demonstrated strong fundamentals, with net sales growing at an annual rate of 30.81% and operating profit increasing by 64.46%. Additionally, the company has reported positive results for the last four consecutive quarters, contributing to a favorable outlook among institutional investors, who have increased their stake by 1.3% in the previous quarter.
In the broader market context, Jindal Drilling's short-term performance contrasts with the benchmark Sensex, which has declined by 1.08% over the past week while Jindal Drilling has gained 1.82%. This indicates that the stock is currently performing well relative to the market. The stock's liquidity remains adequate, although there has been a notable decrease in delivery volume, which could suggest a potential concern for future trading activity. Overall, the combination of strong financial performance and increasing institutional interest appears to be driving the stock's recent upward movement despite its longer-term challenges.