Why is JSW Holdings falling/rising?

As of 01-Aug, JSW Holdings Ltd is experiencing a decline in its stock price, currently at Rs 19,290.00, which represents a decrease of Rs 696.4 or 3.48%. The stock has underperformed its sector by 2% today and has been on a consecutive downward trend for the last three days, accumulating a total loss of 8.75% during this period. It opened with a loss of 3.31% and reached an intraday low of Rs 19,007, reflecting a 4.9% drop. Despite a strong long-term fundamental strength indicated by a 15.18% CAGR growth in operating profits and high institutional holdings at 22.91%, the recent negative results reported on June 25, including a 51.5% decline in net sales and a 30.9% drop in PAT, have significantly impacted investor sentiment.
Broader market context shows that over the past week, JSW Holdings has declined by 8.65%, while the Sensex has only fallen by 1.06%, indicating a substantial underperformance relative to the benchmark. In the longer term, the stock has generated impressive returns, with a 179.20% increase over the past year, contrasting with the Sensex's decline of 1.55%. However, the current valuation concerns, highlighted by a low return on equity of 0.6 and a high price-to-book ratio, suggest that the stock may be trading at a premium compared to its peers, contributing to the recent downward pressure on its price.