Why is Jindal Drilling falling/rising?

As of 01-Sep, Jindal Drilling & Industries Ltd is currently priced at Rs 613.55, reflecting an increase of Rs 6.65 or 1.1%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 0.58% and reached an intraday high of Rs 619.9. However, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a recent decline in investor participation, with delivery volume falling by 11.71% against the 5-day average, the company has shown strong financial performance, including a significant growth in operating profit and a low debt-to-equity ratio, which supports its valuation.
In the broader market context, Jindal Drilling's short-term performance over the past week shows a decline of 1.20%, which is better than the benchmark Sensex's decline of 1.56%. While the stock has underperformed the benchmark over the past month and year, it has exhibited remarkable growth over the longer term, with a 156.07% increase over three years and a staggering 774.63% over five years. This long-term growth, combined with consistent positive financial results, suggests that despite recent volatility, the stock may have a solid foundation for recovery, particularly as it continues to demonstrate strong operating profit growth and a favorable PEG ratio.