Why is Jindal Drilling falling/rising?

As of 24-Jul, Jindal Drilling & Industries Ltd is experiencing a decline in its stock price, currently at Rs 626.00, which reflects a decrease of Rs 10.75 or 1.69%. Today's price summary indicates that the stock has underperformed its sector by 0.44% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 622.75, marking a 2.2% drop. Over the past week, Jindal Drilling has seen a return of -1.60%, while its performance over the past month shows a decline of 1.79%. Despite these short-term setbacks, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 30.81% and operating profit growing by 64.46%. The company has also reported positive results for the last four consecutive quarters, contributing to its overall attractive valuation.
In the broader market context, Jindal Drilling's recent performance contrasts with the benchmark Sensex, which has only declined by 0.09% over the past week. While Jindal Drilling has underperformed in the short term, it has shown consistent returns over the last three years, outperforming the BSE500 in each of the last three annual periods. The stock's long-term growth potential is supported by a low debt-to-equity ratio and a strong return on capital employed (ROCE) of 15.96%. However, the recent drop in investor participation, as indicated by a 2.41% decrease in delivery volume, may be contributing to the stock's current downward trend.