Why is Jindal Steel falling/rising?

As of 21-Aug, Jindal Steel Ltd is currently priced at 1,011.00, reflecting a decrease of 4.8 points or 0.47%. Despite this decline, the stock has shown positive performance over the past week and month, with returns of 3.63% and 5.18%, respectively. However, today's price movement indicates a trend reversal after three consecutive days of gains. The stock is trading above its moving averages, but there has been a notable decrease in investor participation, with delivery volume falling by 27.6% compared to the five-day average. The company has a high management efficiency with a return on capital employed (ROCE) of 17.99% and a low debt to EBITDA ratio of 1.09 times, which supports its ability to service debt. Nonetheless, the stock's profits have decreased by 25% over the past year, which may contribute to the current price decline.
In the broader market context, Jindal Steel's short-term performance has outpaced the Sensex, which has returned 1.74% over the past week and shown a slight decline of 0.24% over the past month. The stock has consistently outperformed the BSE500 over the last three years, generating a return of 150.25% compared to the benchmark's 37.48%. However, the recent flat results in the latest six months, including a significant drop in profit after tax, may be causing some investor concern, despite the high institutional holdings of 27.85% indicating confidence from larger investors. Overall, while the stock has shown strong historical performance, recent profit declines and reduced trading volume may be influencing its current price movement.