Why is Jindal Saw falling/rising?

As of 01-Sep, Jindal Saw Ltd's stock price is currently at Rs 199.60, reflecting an increase of Rs 2.35, or 1.19%. Despite this uptick, the stock has shown a negative performance over various time frames, with a decline of 2.94% over the past week and 2.78% over the past month. It is also trading lower than its moving averages across all significant periods, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 1.75% away from Rs 196.1. The company has experienced a decrease in investor participation, with delivery volume falling by 28.94% compared to the 5-day average. While the company has a healthy long-term growth outlook with an annual operating profit growth rate of 24.66%, it has faced challenges, including a significant drop in profits and negative results reported in June.
In the broader market context, Jindal Saw has underperformed relative to the benchmark, with a year-to-date return of -31.71% compared to the Sensex's gain of 2.85%. Over the past year, while the market has seen a decline of only 2.43%, Jindal Saw's stock has plummeted by 41.14%. This stark contrast highlights the stock's struggles, particularly as institutional investors have reduced their stakes, indicating a lack of confidence in its performance. The stock's valuation remains attractive compared to peers, but the recent negative financial results and falling institutional participation suggest ongoing challenges that may hinder a sustained recovery in its price.