Why is Jindal Saw falling/rising?

As of 02-Sep, Jindal Saw Ltd's stock price is currently at Rs 205.50, reflecting an increase of Rs 5.9 or 2.96%. The stock has shown a positive performance today, outperforming its sector by 2.27% and gaining 4.18% over the last two days. However, it remains 4.57% away from its 52-week low of Rs 196.1. Despite the recent uptick, the stock has underperformed significantly over the past year, with a return of -40.22%, while its profits have decreased by -7.1%. The company has a healthy long-term growth outlook, with an operating profit growth rate of 24.66% and an attractive valuation, but it has also seen a decline in institutional investor participation, which may affect future performance.
In the broader market context, Jindal Saw's short-term return of +3.87% over the past week contrasts sharply with the Sensex, which has declined by -0.78%. This indicates that the stock is performing relatively well compared to the overall market. However, the stock's year-to-date performance remains concerning, with a decline of -29.70% compared to the Sensex's positive return of +2.58%. The stock's liquidity is adequate for trading, but the falling delivery volume suggests a decrease in investor interest, which could pose challenges ahead. Overall, while there are some positive indicators in the short term, the long-term outlook remains clouded by significant past losses and reduced institutional support.