Why is Jindal Drilling falling/rising?

As of 15-Oct, Jindal Drilling & Industries Ltd is currently priced at Rs. 561.50, reflecting a decrease of Rs. 3.4 or 0.6%. The stock has recently hit a new 52-week low of Rs. 560.6 and has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 4.51% during this period. Additionally, the stock has underperformed its sector by 0.89% today. Over the past week, Jindal Drilling has experienced a 3.33% decline, and its year-to-date performance shows a significant drop of 27.49%, contrasting with the Sensex's gain of 5.72%. Despite these challenges, the company has demonstrated healthy long-term growth with an operating profit increase of 60.57% annually and positive results for the last five consecutive quarters, which may indicate underlying strength.
In the broader market context, Jindal Drilling's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.02% over the past week. The stock's liquidity remains adequate, with a delivery volume increase of 30.38% against the five-day average, suggesting rising investor participation. However, the stock is trading below its moving averages across various time frames, indicating a bearish trend. While the company's low debt-to-equity ratio and attractive valuation relative to peers provide a foundation for potential recovery, the current negative momentum and significant underperformance against the benchmark may be contributing to investor caution.