Why is Jindal Saw falling/rising?

As of 05-Sep, Jindal Saw Ltd's stock price is currently at Rs 201.05, reflecting a decrease of Rs 4.7 or 2.28%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 3.9%. It is also trading close to its 52-week low, just 2.46% above Rs 196.1. The stock's performance over the past month shows a decline of 4.60%, while its year-to-date return is significantly negative at -31.22%. Additionally, the company has experienced a drop in investor participation, with delivery volume decreasing by 3.71% compared to the five-day average. Despite a healthy long-term growth outlook indicated by a 24.66% annual growth in operating profit, the stock's recent performance has been negatively impacted by a 43.75% decline over the past year and a 24.16% decrease in profits over the last six months.
In the broader market context, Jindal Saw's short-term return of -4.60% over the past month contrasts with the Sensex, which has remained flat at 0.00%. This underperformance is further highlighted by the stock's significant decline compared to the BSE500 index, which has only fallen by 4.41% over the past year. The company's challenges 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. Overall, these factors contribute to a bearish sentiment surrounding Jindal Saw Ltd's stock, leading to its current downward price movement.