Why is JSW Holdings falling/rising?

As of 06-Aug, JSW Holdings Ltd is currently priced at 18,950.90, reflecting a decrease of 12.65 points or 0.07%. The stock has been experiencing a decline, having fallen for the last two days with a total return of -1.1% during this period. Although it opened the day with a gain of 2.57% and reached an intraday high of Rs 19,450, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown strong long-term fundamental strength with a 15.24% CAGR growth in operating profits, but recent negative results, including a significant drop in net sales and profit after tax, have raised concerns. Additionally, while the stock has generated impressive returns over the past year, its profits have decreased, leading to a perception of overvaluation compared to peers.
In the broader market context, JSW Holdings has underperformed relative to the Sensex, with a 1-week return of -9.33% compared to the benchmark's -1.15%. Over the past month, the stock has declined by 15.06%, while the Sensex has only fallen by 3.46%. Despite strong institutional holdings and rising investor participation, the recent financial results have overshadowed these positives, contributing to the stock's downward movement. The stock's performance remains liquid enough for trading, but the combination of declining profits and high valuation metrics has led to a cautious outlook among investors.