Why is Jindal Saw falling/rising?

As of 11-Aug, Jindal Saw Ltd's stock price is currently at Rs 203.90, reflecting a decrease of Rs 2.55 or 1.24%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.9%. It is trading close to its 52-week low, just 2.04% above Rs 199.75. The stock has shown significant underperformance over various periods, with a year-to-date decline of 30.24% and a one-year drop of 37.57%. Additionally, the company's operating profit has decreased by 7.1% over the past year, contributing to negative sentiment among investors. The decline in delivery volume by 28.97% compared to the five-day average indicates falling investor participation, which further exacerbates the stock's downward trend.
In the broader market context, Jindal Saw's short-term performance has been significantly worse than the benchmark, with a one-week return of -3.27% compared to the Sensex's -0.51%. This stark contrast highlights the stock's struggles relative to the overall market. Institutional investors have also reduced their stakes by 1.5% in the last quarter, indicating a lack of confidence in the stock's prospects. The company's negative results, including a low profit after tax growth and a declining operating profit to interest ratio, suggest underlying financial challenges that are contributing to its poor performance compared to the market.