Why is Jindal Saw falling/rising?

As of 19-Sep, Jindal Saw Ltd's stock price is currently at 212.40, reflecting an increase of 3.1, or 1.48%. The stock has shown a positive movement today, reversing a trend after three consecutive days of decline. In terms of performance, it has outperformed its sector by 1.28%. However, despite this recent uptick, the stock has experienced a significant decline of 39.10% over the past year, with profits falling by 7.1%. The company has a healthy long-term growth outlook, as indicated by an annual operating profit growth rate of 24.66%, but it is trading at a discount compared to its peers' historical valuations. Additionally, there are concerns regarding falling investor participation, as delivery volume has decreased by 4.26% against the five-day average.
In the broader market context, Jindal Saw's short-term return of 2.21% over the past week outpaces the Sensex's return of 0.88%. However, the stock has underperformed the market significantly over the past year, where the BSE500 index recorded a decline of only 1.96%. The decrease in institutional investor participation, with a reduction of 1.5% in their stake, raises concerns about the stock's attractiveness to more sophisticated investors. This combination of factors, including recent positive price movement and long-term growth potential, juxtaposed with significant past declines and reduced institutional interest, contributes to the current dynamics surrounding Jindal Saw's stock price.