Why is Jindal Steel falling/rising?

As of 04-Jul, Jindal Steel & Power Ltd is currently priced at 950.00, reflecting a decrease of 6.0 points or 0.63%. The stock has been experiencing a downward trend, having lost 2.21% over the last two days. Although the stock has shown a positive return of 1.14% over the past week, it has declined by 0.04% over the past month and has a significant drop of 9.94% over the last year. Despite this, the company demonstrates high management efficiency with a return on capital employed (ROCE) of 17.99% and a low debt to EBITDA ratio of 1.09 times, indicating a strong ability to service its debt. Promoter confidence has also increased, with a 1.03% rise in their stake, suggesting optimism about the company's future.
In the broader market context, Jindal Steel's recent performance contrasts with the benchmark Sensex, which has declined by 0.74% over the past week while the stock outperformed it. However, the stock's liquidity has been affected, with a notable drop in delivery volume by 45.84% compared to the five-day average, indicating falling investor participation. While the stock is trading at a discount compared to its peers, the overall sentiment remains cautious due to the significant profit decline of 31.9% over the past year, contributing to the stock's current downward movement.