Why is JSW Steel falling/rising?

As of 05-Sep, JSW Steel Ltd. is experiencing a price increase, currently trading at 1,074.30, which reflects a rise of 2.95 or 0.28%. The stock is performing well, being only 1.43% away from its 52-week high of Rs 1,089.65. It is trading above all key moving averages, indicating strong momentum. Over the past week, the stock has risen by 4.62%, and it has shown a year-to-date return of 19.19%, significantly outperforming the Sensex, which has only increased by 3.29% during the same period. However, there is a noted decline in investor participation, with delivery volume falling by 35.27% compared to the 5-day average, which could be a concern for future trading activity.
In the broader market context, JSW Steel's recent performance has outpaced the benchmark indices, showcasing its strength in both the short and long term. The stock has consistently generated returns that exceed those of the BSE500 over various time frames, including a 15.97% return over the past year. The company benefits from high institutional holdings at 36.85%, which suggests confidence from knowledgeable investors. Despite a recent decline in profits by 26.5%, the company's healthy growth in net sales and operating profit, along with a fair valuation compared to peers, supports its upward price movement. Overall, while the stock is currently rising, the decrease in delivery volume may warrant attention moving forward.