Why is Jindal Steel falling/rising?

As of 10-Jul, Jindal Steel & Power Ltd is currently priced at 942.75, reflecting a decrease of 2.25, or 0.24%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 0.93% during this period. It has also underperformed its sector by 1.04% today. Over the past week, the stock has decreased by 1.39%, and in the last month, it has dropped 3.19%. Despite a strong long-term performance with a 174.69% increase over three years, the stock's recent returns have been negatively impacted by a 31.9% decline in profits over the past year. Additionally, a decrease in investor participation is evident, with delivery volume falling by 37.94% against the five-day average.
In the broader market context, Jindal Steel's performance contrasts with the Sensex, which has shown a slight decline of only 0.06% over the past week. While the stock is trading at a discount compared to its peers and has a high management efficiency indicated by a ROCE of 17.99%, the recent negative returns and falling investor interest suggest caution. However, the increase in promoter stake by 1.03% indicates a level of confidence in the company's future, which may provide some support against the backdrop of its recent price decline.