Why is JSW Steel falling/rising?

As of 07-Aug, JSW Steel Ltd. is experiencing a price increase, currently at 1,067.00, reflecting a rise of 14.3 or 1.36%. The stock has recently outperformed its sector by 1.72% and reached a new 52-week high of Rs. 1074.3 today. After two consecutive days of decline, the stock has shown a trend reversal, supported by its performance over various periods, including a 1-week increase of 1.85% and a year-to-date rise of 18.38%. Positive financial indicators, such as a significant annual growth in net sales and operating profit, along with a high operating profit to interest ratio, suggest strong fundamentals. However, it is important to note that while the stock has generated a return of 17.64% over the past year, its profits have declined by 26.5%, indicating some underlying challenges.
In the broader market context, JSW Steel's recent performance contrasts sharply with the Sensex, which has seen a decline of 0.69% over the past week and 3.38% over the past month. This divergence highlights the stock's resilience and ability to attract investor interest despite a generally unfavorable market environment. The company's high institutional holdings of 36.85% further bolster confidence in its long-term growth potential, as these investors typically possess greater analytical resources. Overall, the combination of strong financial performance, a favorable market position, and a recent trend reversal contributes to the stock's rising price amidst broader market challenges.