Why is JSW Holdings falling/rising?

As of 01-Oct, JSW Holdings Ltd is experiencing a decline in its stock price, currently at 15,474.10, which reflects a decrease of 814.4 points or 5.0%. The stock has been underperforming significantly, having fallen 17.44% over the past week and 13.41% over the past month. Today's trading has shown high volatility, with the stock touching an intraday low of Rs 15,474.1. Additionally, it has been trading below its moving averages across various time frames, indicating a bearish trend. Despite a strong long-term fundamental strength with a 15.24% CAGR growth in operating profits and high institutional holdings at 22.91%, recent negative results, including a 51.5% drop in net sales and a 30.9% decline in profit after tax, have contributed to the stock's downward movement.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with the Sensex only declining by 0.90% over the past week. While JSW Holdings has shown impressive returns over the longer term, including a 71.55% increase over the past year, the recent quarterly results have raised concerns about its valuation, as it is trading at a premium compared to its peers. The stock's recent performance, combined with the negative financial results and high volatility, suggests that investor sentiment is currently cautious, leading to the ongoing decline in its price.