Why is JSW Holdings falling/rising?

As of 29-Sep, JSW Holdings Ltd is experiencing a decline in its stock price, currently at 17,145.75, which represents a decrease of 896.8 or 4.97%. The stock has been underperforming, having fallen consecutively for the last three days with a total return of -8.52% during this period. Additionally, it has underperformed its sector by 5.64% today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite strong long-term fundamentals, including a 15.24% CAGR growth in operating profits and high institutional holdings at 22.91%, negative quarterly results have raised concerns. Specifically, net sales fell by 51.5% compared to the previous four-quarter average, and profit after tax decreased by 30.9%, contributing to the stock's recent downturn.
In the broader market context, JSW Holdings has underperformed the benchmark Sensex over the past week, with a return of -6.22% compared to the Sensex's -2.18%. While the stock has shown impressive long-term growth, with a 95.99% return over the past year and a staggering 311.20% over the last three years, the recent negative financial results have overshadowed these achievements. The stock's current valuation is considered expensive, trading at a premium compared to its peers, which may deter investors amid the recent poor performance. Overall, the combination of disappointing quarterly results and a bearish market trend has led to the stock's decline.