Why is JSW Holdings falling/rising?

As of 16-Sep, JSW Holdings Ltd is experiencing a decline in its stock price, currently at 18,515.00, reflecting a decrease of 104.95 points or 0.56%. The stock has underperformed its sector by 0.84% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 1.58%. Despite opening with a gain of 4.18% and reaching an intraday high of Rs 19,398.95, the stock's performance over the past week shows a decline of 1.71%, while it has outperformed the benchmark over the longer term with a year-to-date return of 20.87% and a remarkable 138.07% return over the past year. However, negative factors such as a significant drop in net sales and profit after tax in the latest quarter, alongside a high valuation compared to peers, have contributed to the current price movement.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.58% over the past week. While JSW Holdings has shown strong long-term growth with a 15.24% CAGR in operating profits and high institutional holdings, the recent negative quarterly results and falling investor participation, evidenced by a 32.46% drop in delivery volume, indicate a weakening sentiment among investors. This combination of strong historical performance and current negative indicators suggests that while the stock has potential, immediate concerns are leading to its current decline.