Why is Jindal Saw falling/rising?

As of 21-Aug, Jindal Saw Ltd is currently priced at 205.05, reflecting a decrease of 0.85, or 0.41%. The stock has been experiencing a decline, having fallen for the last two days with a total return of -0.56% during this period. It is also close to its 52-week low, just 3.44% away from Rs 198. In terms of performance, the stock has underperformed significantly over the past month, with a return of -10.34%, while the benchmark Sensex has only declined by 0.24%. Additionally, the stock's operating profit has decreased by 7.1% over the past year, contributing to its negative performance, alongside a drop in institutional investor participation, which has decreased by 1.5% in the previous quarter.
Broader Market Context: In the short term, Jindal Saw's performance has been better than the benchmark, with a 1-week return of +3.12% compared to the Sensex's +1.74%. However, this positive short-term movement is overshadowed by its substantial long-term decline, with a year-to-date return of -29.85% against the Sensex's gain of 4.94%. The stock's valuation remains attractive, trading at a discount compared to its peers, but the recent negative results and falling institutional interest suggest a lack of confidence among investors, which is likely contributing to the stock's downward pressure.