Why is Jindal Saw falling/rising?

As of 22-Aug, Jindal Saw Ltd is currently priced at 203.20, reflecting a decline of 1.85, or 0.9%. The stock has been experiencing a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 1.5% during this period. Additionally, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a healthy long-term growth rate in operating profit of 24.66% and a very attractive valuation with a return on capital employed (ROCE) of 18.2, the stock has underperformed significantly over the past year, with a return of -40.91%. This decline is compounded by negative results reported in June and a decrease in institutional investor participation, which has fallen by 1.5% in the last quarter.
In the broader market context, Jindal Saw's short-term performance has outpaced the benchmark Sensex, which has returned 0.88% over the past week compared to Jindal Saw's gain of 2.19%. However, the stock's one-month return of -9.61% starkly contrasts with the Sensex's decline of only 1.07%, highlighting its underperformance in the longer term. The stock's liquidity remains adequate, but the falling participation from institutional investors suggests a lack of confidence in its fundamentals, further contributing to its recent price decline.