Why is JSW Steel falling/rising?

As of 20-Aug, JSW Steel Ltd. is currently priced at 1,082.60, reflecting an increase of 6.35 (0.59%). The stock has recently hit a new 52-week and all-time high of Rs. 1,089.65, indicating strong upward momentum. In terms of performance, JSW Steel has outperformed the Sensex over various periods, with a 1-week return of +2.57% compared to the Sensex's +1.64%, and a year-to-date return of +20.12% versus the Sensex's +4.76%. The stock is also trading above its moving averages across multiple time frames, which typically signals positive sentiment among investors. Additionally, rising investor participation is evident with a delivery volume increase of 9.94% against the 5-day average, suggesting growing interest in the stock.
In the broader market context, JSW Steel's strong performance is notable, especially as it has consistently outperformed the BSE500 over the last three years, one year, and three months. The company's healthy long-term growth, with net sales growing at an annual rate of 20.95% and operating profit at 24.00%, supports its positive outlook. Furthermore, high institutional holdings at 36.85% indicate confidence from more sophisticated investors who can analyze the company's fundamentals effectively. Despite a recent decline in profits of -26.5% over the past year, the stock is trading at a discount compared to its peers, which may attract further investment. Overall, the combination of strong performance metrics and investor confidence contributes to the stock's rising price.