Why is Jindal Saw falling/rising?

As of 04-Nov, Jindal Saw Ltd is currently priced at Rs. 170.45, reflecting a decline of Rs. 3.9 or 2.24%. The stock has hit a new 52-week low of Rs. 169.6 today and has been on a downward trend, losing 5.25% over the past week and 17.48% over the last month. The stock has underperformed its sector by 1.15% today and has experienced consecutive losses for the last five days. Additionally, the company has reported a significant drop in net sales by 15.22% and has declared negative results for the last three consecutive quarters, contributing to a year-to-date decline of 41.69% and a one-year decline of 45.01%. Despite a healthy long-term growth rate in operating profit, the stock's recent performance has been adversely affected by falling profits and negative quarterly results.
Broader market context indicates that while the Sensex has gained 2.77% over the past month and 6.81% year-to-date, Jindal Saw has significantly lagged behind, highlighting its underperformance in the market. The stock's recent decline is further exacerbated by falling investor participation, with delivery volume decreasing by 28.5% against the five-day average. The stock is also trading below all key moving averages, indicating a bearish trend. Overall, the combination of poor financial results, declining sales, and weak investor sentiment has led to the stock's downward trajectory, contrasting sharply with the broader market's positive performance.