Why is Jindal Saw falling/rising?

As of 23-Sep, Jindal Saw Ltd is experiencing a price increase, currently at Rs 215.35, reflecting a rise of Rs 5.25 or 2.5%. The stock has shown a positive performance today, outperforming its sector by 1.21% and reaching an intraday high of Rs 216.5. Over the past week, the stock has gained 2.43%, and in the last month, it has risen by 5.98%. However, despite this recent uptick, the stock has faced significant challenges, with a year-to-date decline of 26.33% and a one-year drop of 40.36%. The company's operating profit has grown at an annual rate of 24.66%, and it has a favorable valuation with a return on capital employed (ROCE) of 18.2. Nonetheless, the stock's profits have decreased by 7.1% over the past year, and institutional investor participation has fallen, indicating a lack of confidence among larger investors.
In the broader market context, Jindal Saw's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.34% over the past week. While the stock has outperformed the sector recently, its long-term performance remains concerning, especially given its significant underperformance compared to the market's negative return of 4.69% over the last year. The decline in institutional investor stakes and the negative results reported in June further contribute to a cautious outlook for the stock, despite its current price increase.