Why is Jindal Steel falling/rising?

As of 01-Sep, Jindal Steel Ltd is currently priced at 964.95, reflecting an increase of 16.95 or 1.79%. The stock has shown a trend reversal by gaining after six consecutive days of decline. Despite this recent uptick, the stock's performance over the past week has been negative, with a decline of 3.12%, while it has outperformed its sector by 0.58% today. The stock is trading above its 50-day, 100-day, and 200-day moving averages but below its 5-day and 20-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 72.43% compared to the 5-day average. The stock has generated a return of -0.12% over the past year, with profits decreasing by 25%, yet it maintains a high management efficiency and a low Debt to EBITDA ratio, indicating strong fundamentals.
In the broader market context, Jindal Steel's short-term performance has been weaker than the benchmark, with a 1-week decline of 3.12% compared to the Sensex's decline of 1.56%. However, the stock has shown resilience over longer periods, with a year-to-date return of 3.69% compared to the Sensex's 2.85%. The high institutional holdings at 27.85% suggest confidence from larger investors, who have increased their stake by 0.54% over the previous quarter, indicating a positive outlook despite recent challenges. Overall, while the stock is experiencing a short-term rise, the underlying factors suggest a cautious approach due to declining profits and reduced investor participation.