Why is JSW Holdings falling/rising?

As of 09-Oct, JSW Holdings Ltd is experiencing a price increase, currently at 16,500.00, with a change of 729.05, representing a 4.62% rise. Today's price summary indicates that the stock has outperformed its sector by 4.02% and has gained after two consecutive days of decline, reaching an intraday high of Rs 16,500. Despite this positive movement, the stock has shown a decline of 12.41% over the past month, although it has delivered impressive returns of 92.31% over the past year. The company's strong long-term fundamental strength, highlighted by a 15.24% CAGR growth in operating profits, and high institutional holdings at 22.91% contribute positively to its recent performance. However, the stock's valuation appears expensive, with a low return on equity of 0.6 and a price-to-book value of 0.6, which may raise concerns among investors.
In the broader market context, the stock has significantly outperformed the benchmark, with a one-week return of 6.63% compared to the Sensex's 1.47%. While the stock has shown resilience in the face of a generally negative market environment, as evidenced by the BSE500's return of -1.92% over the last year, the recent drop in investor participation, with a 68.24% decrease in delivery volume, could signal caution among retail investors. Overall, while the stock's recent rise is supported by strong fundamentals and institutional backing, the mixed signals regarding its valuation and investor engagement may influence its future performance.