Why is Jindal Saw falling/rising?

As of 30-Jul, Jindal Saw Ltd is experiencing a decline in its stock price, currently at 213.60, which reflects a decrease of 3.15 or 1.45%. The stock has underperformed its sector by 2.04% today, with trading activity indicating more volume near its low price. Additionally, Jindal Saw is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has fallen by 6.17%, and its year-to-date performance shows a significant decline of 26.92%. While the company has reported healthy long-term growth in net sales and operating profit, recent quarterly results show a substantial drop in profit after tax and operating profit margins, contributing to negative sentiment among investors.
In the broader market context, Jindal Saw's performance has been notably weaker than the benchmark, with a one-year return of -32.83% compared to the BSE500's decline of only -2.34%. This stark contrast highlights the stock's struggles relative to the market. Furthermore, institutional investors have reduced their stakes, indicating a lack of confidence in the company's prospects, which may further exacerbate the stock's downward trajectory. Despite a rise in retail investor participation, the overall sentiment remains cautious due to the company's recent financial performance and underwhelming returns compared to its peers.