Why is Jindal Stain. falling/rising?

As of 15-Jul, Jindal Stainless Ltd is currently priced at 691.45, reflecting an increase of 2.55 or 0.37%. The stock has been on an upward trend, gaining for the last four days with a total return of 1.84% during this period. It has outperformed its sector by 0.3% today, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 255.56% compared to the 5-day average. Despite a year-to-date decline of 1.00% and a one-year return of -11.92%, the company demonstrates strong fundamentals, including a high return on capital employed (ROCE) of 18.46%, a low debt to EBITDA ratio of 1.19, and healthy long-term growth in net sales and operating profit.
In the broader market context, Jindal Stainless Ltd's recent performance contrasts with the benchmark Sensex, which has declined by 1.36% over the past week. While the stock has shown resilience in the short term, its longer-term performance remains challenged, as indicated by its negative returns over the past year. However, the high institutional holdings at 28.29% suggest confidence from more sophisticated investors, which may provide stability. Overall, the stock's recent gains can be attributed to improved investor sentiment and strong operational metrics, despite its historical underperformance relative to the broader market.