Why is JSW Steel falling/rising?

As of 13-Aug, JSW Steel Ltd. is experiencing a price increase, currently at 1,055.50, reflecting a rise of 5.6 points or 0.53%. The stock is trading close to its 52-week high, just 1.78% away from Rs 1,074.3, and has shown a positive performance today, aligning with sector trends. Despite a narrow trading range of Rs 9.75, the stock is performing well against its moving averages, trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day averages. However, there is a noted decline in investor participation, with delivery volume falling by 27.94% against the 5-day average. The stock has demonstrated strong returns over various periods, including a 17.11% increase year-to-date and a 16.28% rise over the past year, outperforming the benchmark Sensex, which has only increased by 3.07% during the same timeframe.
In the broader market context, the stock's recent performance is particularly noteworthy as it has outperformed the Sensex, which has seen a slight decline of 0.01% over the past week. The positive factors contributing to the stock's rise include healthy long-term growth, with net sales increasing at an annual rate of 20.95% and operating profit at 24.00%. Additionally, high institutional holdings at 36.85% suggest confidence from more knowledgeable investors. The company is also rated among the top 1% of stocks by MarketsMojo, indicating strong fundamentals. However, it is important to note that while the stock has generated significant returns, its profits have decreased by 26.5% over the past year, which could be a concern for some investors. Overall, the combination of strong performance metrics and institutional confidence appears to be driving the stock's upward movement.