Why is Jindal Stain. falling/rising?

As of 03-Jul, Jindal Stainless Ltd is currently priced at 697.65, reflecting a decrease of 6.2 points or 0.88%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 1.25%. Additionally, it has underperformed its sector by 0.46% today. Despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, the stock has experienced a significant drop in delivery volume, which fell by 56.25% against the 5-day average. Over the past year, Jindal Stainless has generated a return of -15.34%, while its profits have decreased by 4.8%. However, the company maintains a high management efficiency with a return on capital employed (ROCE) of 18.46% and a low debt to EBITDA ratio of 1.19, indicating a strong ability to service its debt.
In the broader market context, Jindal Stainless has shown a short-term return of +0.47% over the past week, which is favorable compared to the Sensex's decline of 0.62% during the same period. However, the stock's year-to-date performance is slightly negative at -0.11%, while the Sensex has increased by 6.53%. This contrast highlights the stock's struggles despite its strong fundamentals, such as healthy long-term growth in net sales and operating profit. The high institutional holdings at 28.29% suggest that informed investors are backing the company, yet the recent price movement indicates a lack of momentum in the stock's performance relative to the broader market.