Why is Jindal Saw falling/rising?

As of 24-Sep, Jindal Saw Ltd's stock price is currently at Rs 217.40, reflecting an increase of Rs 2.1 or 0.98%. The stock has shown a positive trend recently, gaining 3.47% over the past week and outperforming its sector by 1.11%. It has also experienced consecutive gains over the last two days, with an intraday high of Rs 224.9. Despite a significant decline of 41.82% over the past year, the company has demonstrated healthy long-term growth with an annual operating profit increase of 24.66%. However, the stock's profitability has faced challenges, with a 7.1% decrease in profits over the past year and a negative growth in PAT over the last six months.
In the broader market context, Jindal Saw's recent performance contrasts sharply with the benchmark Sensex, which has seen a decline of 1.18% over the past week. While the stock has outperformed the market in the short term, it has significantly underperformed over the last year compared to the BSE500, which fell by only 5.32%. Additionally, there has been a noted decrease in institutional investor participation, which may signal concerns about the company's fundamentals. The stock is trading at a discount compared to its peers, but the recent negative results and falling institutional interest could weigh on its future performance.