Why is Jindal Saw falling/rising?

As of 18-Sep, Jindal Saw Ltd's stock price is currently at 209.30, reflecting a decrease of 0.8, or 0.38%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 1.04% during this period. In terms of returns, while the stock has seen a modest increase of 3.23% over the past week, it has significantly underperformed over the last year with a decline of 41.24%. The company's operating profit has also decreased by 7.1% over the past year, contributing to negative sentiment among investors. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 14.34% against the five-day average, indicating waning interest in the stock.
Broader market context shows that Jindal Saw's performance has lagged behind the benchmark, with the Sensex gaining 1.80% over the past week and 2.14% over the past month, while Jindal Saw's returns for the same periods were positive but lower. The stock's long-term growth potential is overshadowed by recent negative results, including a significant drop in profits and a decrease in institutional investor participation, which has fallen by 1.5% in the last quarter. This decline in institutional interest, coupled with the stock's substantial underperformance relative to the broader market, suggests that investor confidence is low, contributing to the stock's recent downward trend.