Why is Jindal Drilling falling/rising?

As of 24-Sep, Jindal Drilling & Industries Ltd is currently priced at 599.60, reflecting a decrease of 1.25, or 0.21%. The stock has been experiencing a downward trend, having lost 1.7% over the past four days, and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite this decline, there has been a notable increase in investor participation, with delivery volume rising by 12.5% against the 5-day average. Over the last year, the stock has generated a return of -3.72%, while the company has shown significant growth in operating profit, which has increased by 187.2%, indicating strong underlying performance despite the stock's recent price movement.
In the broader market context, Jindal Drilling's short-term performance has been weaker than the benchmark Sensex, which has seen a decline of only 1.18% over the past week. This underperformance is further highlighted by the stock's year-to-date return of -22.57%, contrasting sharply with the Sensex's gain of 4.58%. While the company maintains a low debt-to-equity ratio and has reported positive results for five consecutive quarters, the stock is currently trading at a premium compared to its peers, which may be contributing to the recent price decline as investors reassess its valuation amidst broader market conditions.