Why is Jindal Drilling falling/rising?

As of 28-Jul, Jindal Drilling & Industries Ltd is experiencing a decline in its stock price, currently at 617.70, reflecting a decrease of 6.7 points or 1.07%. The stock has underperformed its sector by 0.82% today and has been on a downward trend for the last three days, accumulating a total loss of 2.99% during this period. Additionally, Jindal Drilling is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these challenges, the company has shown healthy long-term growth, with net sales increasing at an annual rate of 30.81% and operating profit rising by 64.46%. The company has also reported positive results for the last four consecutive quarters, contributing to a strong return on capital employed (ROCE) of 15.96% and a low debt-to-equity ratio of 0.10 times.
In the broader market context, Jindal Drilling's short-term performance has been relatively better than the benchmark, with a 1-week return of -0.37% compared to the Sensex's -1.59%. However, year-to-date, the stock has significantly underperformed, with a decline of 20.24% against the Sensex's gain of 3.52%. This disparity highlights the stock's struggles despite its solid fundamentals and consistent returns over the past three years, where it has outperformed the BSE500. The rising investor participation, indicated by an increase in delivery volume, suggests some interest in the stock, but the overall negative price movement indicates prevailing market pressures.