Why is Jindal Stain. falling/rising?

As of 02-Jul, Jindal Stainless Ltd is currently priced at 703.85, reflecting a decrease of 2.65, or 0.38%. Today's price summary indicates that the stock has underperformed its sector by 2.12% and has experienced a trend reversal after two consecutive days of gains. Despite trading above its moving averages across various time frames, the stock has seen a significant drop in investor participation, with delivery volume falling by 55.79% compared to the 5-day average. Over the past week, the stock has gained 4.57%, and over the past month, it has risen by 9.65%, although it has declined by 13.64% over the past year. The company's strong management efficiency, low debt to EBITDA ratio, and healthy long-term growth prospects suggest a solid foundation, but the recent profit decline of 4.8% may be contributing to the current price drop.
In the broader market context, Jindal Stainless Ltd's recent performance contrasts with the Sensex, which has increased by 0.79% over the past week and 2.50% over the past month. While the stock has shown impressive returns over the long term, with a 605.61% increase over three years, its short-term performance has lagged behind the benchmark. The high institutional holdings at 28.29% indicate that knowledgeable investors are backing the stock, yet the recent underperformance and declining investor participation may be causing concern among retail investors, contributing to the stock's current downward movement.