Why is JSW Steel falling/rising?

As of 19-Sep, JSW Steel Ltd. is currently priced at Rs. 1,123.10, reflecting an increase of 2.0 points or 0.18%. The stock has recently hit a new 52-week high of Rs. 1,125.65 and has been gaining for the last two days, with a return of 0.86% during this period. It is trading above all key moving averages, indicating strong momentum. Despite a recent decline in delivery volume by 37.86% compared to the 5-day average, the stock remains liquid enough for significant trades. Over the past week, JSW Steel has outperformed the Sensex, with a return of 2.15% compared to the benchmark's 0.88%, and has shown impressive year-to-date growth of 24.61% against the Sensex's 5.74%.
The broader market context shows that JSW Steel has consistently outperformed the BSE500 over various time frames, including a 65.21% return over the last three years. The company's strong fundamentals, highlighted by a 20.95% annual growth in net sales and a 24.00% increase in operating profit, contribute to its positive outlook. Furthermore, the stock's fair valuation relative to peers and high institutional holdings at 36.85% suggest confidence among knowledgeable investors. While the stock has generated an 18.61% return over the past year, it is noteworthy that profits have decreased by 26.5%, which could be a concern for some investors. Overall, the combination of solid performance metrics and institutional backing supports the stock's upward movement.