Why is Jindal Saw falling/rising?

As of 29-Aug, Jindal Saw Ltd is experiencing a decline in its stock price, currently at Rs 197.25, which reflects a decrease of Rs 2.8 or 1.4%. The stock is trading close to its 52-week low, just 0.58% away from Rs 196.1, and has underperformed its sector by 0.51%. Over the past week, the stock has fallen by 2.93%, and its one-month performance shows a significant drop of 9%. Despite a healthy long-term growth rate in operating profit of 24.66% annually, the stock has faced challenges, including a 41.59% decline over the past year, alongside a 7.1% decrease in profits. Additionally, institutional investor participation has decreased, with a 1.5% reduction in their stake, indicating a lack of confidence among larger investors.
In the broader market context, Jindal Saw's performance has been notably worse than the benchmark, with the BSE500 index showing a negative return of only 5.40% over the last year. This stark contrast highlights the stock's underperformance, as it has significantly lagged behind the market. The stock's current trading levels are below all major moving averages, suggesting a bearish trend. Furthermore, the recent negative results reported in June, including a low profit after tax growth and a decrease in operating profit to interest ratio, have contributed to the stock's downward trajectory. Overall, the combination of poor recent performance, declining institutional interest, and negative financial indicators has led to the stock's current decline.