Why is Jindal Saw falling/rising?

As of 25-Aug, Jindal Saw Ltd's stock price is currently at Rs 205.65, reflecting an increase of Rs 2.45 or 1.21%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and it outperformed its sector by 0.91% today. However, it remains close to its 52-week low, just 3.72% away from Rs 198. Over the past week, the stock has increased by 2.08%, while it has significantly underperformed over the past month and year, with returns of -7.68% and -40.38%, respectively. Despite a healthy long-term growth outlook with an annual operating profit growth rate of 24.66%, the stock has faced challenges, including a 7.1% decline in profits over the past year and a decrease in institutional investor participation.
Broader market context indicates that while Jindal Saw has experienced a short-term uptick, its performance has lagged behind the broader market, as evidenced by the Sensex's positive return of 0.45% over the past week. The stock's year-to-date decline of -29.64% starkly contrasts with the Sensex's gain of 4.48%, highlighting its struggles in the current market environment. The recent drop in institutional investor stakes and negative financial results further complicate the stock's outlook, suggesting that while there may be short-term gains, the long-term trajectory remains uncertain amidst broader market stability.