Why is Jindal Stain. falling/rising?

As of 31-Jul, Jindal Stainless Ltd's stock price is rising, currently at Rs 692.50, reflecting an increase of Rs 12.25 or 1.8%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 5.56% during this period. It has outperformed its sector by 2.09% today and is trading above all key moving averages, indicating strong short-term momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 50.03% compared to the five-day average. Despite a year-to-date return of -0.84% and a one-year decline of -6.44%, the company maintains a high management efficiency with a return on capital employed (ROCE) of 18.46% and a strong ability to service debt, which supports its recent price movement.
In the broader market context, Jindal Stainless Ltd's short-term performance has been favorable compared to the benchmark Sensex, which has declined by 1.22% over the past week while Jindal's stock has increased by 4.21%. This relative strength suggests that the stock is gaining traction despite broader market challenges. The company's healthy long-term growth prospects, evidenced by significant annual growth rates in net sales and operating profit, along with high institutional holdings of 28.34%, further bolster investor confidence. However, the stock's performance over the past year has been hampered by a profit decline of 4.8%, which may temper enthusiasm among some investors.