Why is JSW Steel falling/rising?

As of 04-Sep, JSW Steel Ltd. is currently priced at 1,071.35, reflecting a decrease of 2.65 points or 0.25%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. Despite this decline, it is noteworthy that the stock is only 1.71% away from its 52-week high of Rs 1,089.65 and has outperformed its sector by 0.53% today. Over the past week, the stock has risen by 3.42%, and it has shown strong performance over longer periods, with a year-to-date increase of 18.87% and a 15.14% rise over the past year. Additionally, the stock is trading above all key moving averages, indicating a generally positive trend. However, it is important to note that while the stock has generated returns, its profits have fallen by 26.5% over the past year, which may contribute to investor caution.
In the broader market context, JSW Steel's short-term performance has significantly outpaced the Sensex, which has only increased by 0.80% over the past week. The stock's strong institutional holdings at 36.85% suggest confidence from knowledgeable investors, which may provide some stability amidst the recent price fluctuations. The company's healthy long-term growth, with net sales increasing at an annual rate of 20.95% and operating profit at 24.00%, supports its valuation despite recent profit declines. Overall, while the stock has shown resilience and outperformed benchmarks in the long term, the recent price drop may reflect a natural correction after a period of gains and concerns regarding profit performance.