Why is Jindal Stain. falling/rising?

As of 05-Sep, Jindal Stainless Ltd's stock price is rising, currently at 753.10, reflecting an increase of 9.55 or 1.28%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline. It outperformed its sector by 0.92%, reaching an intraday high of Rs 764.55. Over the past month, the stock has shown a positive return of 3.78%, and it has consistently outperformed the BSE500 over the last three years, with a remarkable 483.35% increase. The company's strong fundamentals, including a high return on capital employed (ROCE) of 18.46%, a low debt to EBITDA ratio of 1.19, and significant growth in net sales and operating profit, contribute positively to its recent price movement.
In the broader market context, Jindal Stainless Ltd's short-term performance has been slightly negative, with a 1.32% decline over the past week, while the benchmark Sensex has gained 1.13%. However, the stock's year-to-date return of 7.83% significantly outpaces the Sensex's 3.29%. The rising investor participation, evidenced by a 40.64% increase in delivery volume, and high institutional holdings at 28.34% further support the stock's upward momentum. Despite some recent volatility, the overall positive outlook driven by strong financial metrics and consistent returns positions Jindal Stainless Ltd favorably in the market.