Why is Jindal Steel falling/rising?

As of 28-Aug, Jindal Steel Ltd is experiencing a decline in its stock price, currently at 966.00, which reflects a decrease of 7.8 points or 0.8%. The stock has been on a downward trend, losing 4.9% over the last five days, and has underperformed against the benchmark Sensex, which has fallen only 2.34% over the same period. Despite being higher than its 50-day, 100-day, and 200-day moving averages, it is trading below its 5-day and 20-day moving averages. The stock's performance over the past year shows a slight decline of 0.26%, with profits having decreased by 25%, indicating potential concerns about its profitability. However, the company maintains a strong management efficiency with a high return on capital employed (ROCE) of 17.99% and a low debt to EBITDA ratio of 1.09, suggesting it can service its debt effectively.
In the broader market context, Jindal Steel's recent performance contrasts with the benchmark, as it has seen a 4.45% decline over the past week compared to the Sensex's 2.34% drop. The stock's liquidity remains adequate, with a significant increase in delivery volume, indicating rising investor participation. Additionally, high institutional holdings at 27.85% suggest confidence from larger investors, who have increased their stake by 0.54% in the previous quarter. While the stock is trading at a discount compared to its peers' historical valuations, the recent negative returns and falling profits may be contributing to the stock's current downward movement.