Why is Jindal Saw falling/rising?

As of 15-Sep, Jindal Saw Ltd's stock price is currently at Rs 211.50, reflecting an increase of Rs 3.7 or 1.78%. The stock has been on a positive trajectory, gaining for the last four consecutive days with a total return of 4.86% during this period. It has outperformed its sector by 0.91% today and reached an intraday high of Rs 214.05. Despite these short-term gains, the stock has experienced a significant decline of 40.36% over the past year, with profits falling by 7.1%. The company shows healthy long-term growth potential, with an annual operating profit growth rate of 24.66%, and is trading at a discount compared to its peers, which may attract investor interest.
In the broader market context, Jindal Saw's recent performance has outpaced the Sensex, which has only increased by 1.24% over the past week. However, the stock's year-to-date performance remains concerning, with a decline of 27.64% compared to the Sensex's gain of 4.67%. Institutional investors have reduced their stakes by 1.5%, indicating a lack of confidence in the stock's fundamentals, which could be affecting its overall market perception. Despite the recent positive movement, the stock's long-term underperformance relative to the market and declining institutional participation suggest that caution may still be warranted for potential investors.