Why is Jindal Drilling falling/rising?

As of 29-Jul, Jindal Drilling & Industries Ltd is currently priced at 617.55, reflecting a slight decrease of 0.15, or 0.02%. The stock has underperformed its sector today, with a performance drop of 1.07%. After experiencing three consecutive days of decline, there has been a minor trend reversal with the stock gaining slightly. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, investor participation has decreased significantly, with delivery volume falling by 41.19% compared to the 5-day average. Over the past week, the stock has declined by 2.29%, and it has seen a year-to-date drop of 20.25%, contrasting with a 4.46% return over the past year.
In the broader market context, Jindal Drilling's short-term performance has been worse than the benchmark Sensex, which has only declined by 1.03% over the same week. Despite the recent price drop, 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 consistently declared positive results over the last four quarters, and its low debt-to-equity ratio and attractive valuation suggest potential for recovery. However, the stock's significant year-to-date decline indicates ongoing challenges that may be affecting investor sentiment.