Why is Jindal Saw falling/rising?

As of 08-Aug, Jindal Saw Ltd's stock price is currently at Rs 206.45, reflecting a decrease of Rs 3.55 or 1.69%. The stock has recently touched an intraday low of Rs 205.1, indicating a downward trend. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish sentiment among investors. Over the past month, the stock has declined by 10.20%, and its year-to-date performance shows a significant drop of 29.37%. Despite a healthy long-term growth rate in operating profit of 24.66%, the stock has faced negative results, with a year-over-year return of -34.91% and a decline in profits by 7.1%. Additionally, institutional investors have reduced their stake, indicating a lack of confidence in the stock's future performance.
In the broader market context, Jindal Saw's recent performance contrasts with the benchmark Sensex, which has seen a decline of only 0.92% over the past week. This underperformance is notable, especially considering that the stock has fallen significantly more than the market average over the past year. The stock's liquidity remains adequate, with a delivery volume increase of 2.6% against the 5-day average, but the overall sentiment is dampened by the negative financial results and decreasing institutional interest. This combination of factors contributes to the stock's current downward trajectory.