Why is Jindal Saw falling/rising?

As of 28-Jul, Jindal Saw Ltd is experiencing a decline in its stock price, currently at Rs 215.50, which reflects a decrease of Rs 7.25 or 3.25%. The stock has underperformed its sector by 2.15% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 6.1%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In terms of returns, Jindal Saw has seen a 1-week decline of 5.77% and a 1-month drop of 11.70%, while its year-to-date performance shows a significant decrease of 26.27%. The company's recent financial results indicate a sharp decline in profit after tax, which fell by 40.2% compared to the previous quarter's average, alongside the lowest operating profit to net sales ratio recorded.
In the broader market context, Jindal Saw's performance has been notably worse than the benchmark, with the BSE500 index showing a negative return of only 2.52% over the past year, while Jindal Saw's stock has plummeted by 25.49%. This underperformance is compounded by a decrease in institutional investor participation, which has fallen by 1.5% in the last quarter, indicating a lack of confidence among more sophisticated investors. Despite some positive long-term growth indicators, such as a 12.37% annual growth in net sales, the current negative sentiment and financial results have overshadowed these factors, contributing to the stock's decline.