Why is Jindal Drilling falling/rising?

As of 13-Aug, Jindal Drilling & Industries Ltd is currently priced at 606.25, reflecting an increase of 2.5 (0.41%). The stock has shown a trend reversal by gaining after two consecutive days of decline, and it outperformed its sector by 0.28%. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short term. Over the past week, the stock has increased by 0.40%, while it has seen a decline of 0.77% over the past month. Notably, the company has demonstrated strong financial health with a low debt-to-equity ratio of 0.09 and impressive operating profit growth, which has contributed to its attractive valuation despite recent stock price fluctuations.
In the broader market context, Jindal Drilling's performance contrasts with the Sensex, which has experienced a slight decline of 0.01% over the past week and a more significant drop of 2.38% over the past month. This suggests that the stock's recent rise may be driven by company-specific factors rather than broader market trends. The company's consistent positive results over the last five quarters and a significant increase in profits, despite a negative return of -2.38% over the past year, indicate strong underlying fundamentals that may support the stock's price movement. However, the falling investor participation, as evidenced by a 38.27% drop in delivery volume, could pose challenges for sustained upward momentum in the stock price.