Why is Jindal Saw falling/rising?

As of 28-Aug, Jindal Saw Ltd's stock price is currently at Rs 200.05, reflecting an increase of Rs 2.2 or 1.11%. The stock has recently touched a new 52-week low of Rs 196.1, indicating ongoing challenges. Despite today's performance, which outperformed its sector by 1.9% and reached an intraday high of Rs 202.6, the stock is trading below all its moving averages. Over the past week, Jindal Saw has seen a decline of 2.44%, and its year-to-date return is significantly negative at -31.56%. While the company has shown healthy long-term growth with an annual operating profit increase of 24.66%, it has also faced negative results recently, including a -24.16% growth in PAT over the last six months and a substantial -41.46% return over the past year.
In the broader market context, Jindal Saw's performance has underperformed compared to the benchmark, with the Sensex showing a much smaller decline of -2.34% over the past week and a positive return of +2.48% year-to-date. The stock's recent struggles are compounded by a decrease in institutional investor participation, which has fallen by 1.5% in the last quarter, indicating a lack of confidence among more knowledgeable investors. This decline in institutional interest, coupled with the stock's significant underperformance relative to the market and its peers, suggests that while there may be some short-term gains, the overall outlook remains challenging.