Why is Jindal Saw falling/rising?

As of 26-Sep, Jindal Saw Ltd is currently priced at 206.45, reflecting a decrease of 4.3, or 2.04%. The stock has been experiencing a downward trend, having fallen for the last two days with a total decline of 5.04% during this period. It is trading below all key moving averages, indicating weak performance. Over the past week, the stock has decreased by 2.80%, while it has shown a modest gain of 4.35% over the past month. However, the stock's year-to-date performance is significantly negative at -29.37%, and it has underperformed the market with a one-year return of -43.87%. Contributing to this decline are negative financial results, including a 24.16% drop in PAT over the last six months and a decrease in institutional investor participation.
Broader market context indicates that the stock's recent performance is somewhat in line with the sector, which has also seen a decline of 2%. While the Sensex has fallen by 2.66% over the past week, Jindal Saw's decline is slightly more pronounced. The broader market has generated negative returns of -7.63% over the last year, but Jindal Saw's performance has been significantly worse, highlighting its struggles in comparison to the overall market. The combination of falling investor participation, disappointing financial metrics, and a substantial underperformance relative to both the sector and the market contributes to the stock's current downward trajectory.