Why is Jindal Stain. falling/rising?

As of 14-Jul, Jindal Stainless Ltd's stock price is currently at 688.90, reflecting an increase of 8.65 or 1.27%. The stock has been performing well recently, having outperformed its sector by 1.3% today and achieving a consecutive gain over the last three days with a total return of 1.47%. It reached an intraday high of Rs 696.55, which is a 2.4% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a year-to-date return of -1.36% and a one-year return of -11.67%, the company demonstrates strong fundamentals, including high management efficiency with a return on capital employed (ROCE) of 18.46% and a low debt-to-EBITDA ratio of 1.19 times, which supports its ability to service debt.
In the broader market context, Jindal Stainless Ltd's short-term performance of +1.95% over the past week contrasts with the Sensex, which has declined by 1.42% during the same period. This indicates that the stock is gaining traction even as the overall market faces challenges. The company benefits from high institutional holdings at 28.29%, suggesting that informed investors are confident in its potential. However, it is important to note that while the stock has shown recent gains, it has still experienced a decline in profits over the past year, which may temper long-term investor sentiment.