Why is J Kumar Infra falling/rising?

As of 16-Sep, J Kumar Infraprojects Ltd is experiencing a decline in its stock price, currently at Rs 638.50, which reflects a decrease of Rs 7.95 or 1.23%. Today's price summary indicates that the stock has underperformed its sector by 3.01% and has fallen after two consecutive days of gains, reaching an intraday low of Rs 631.3. In terms of returns, the stock has shown a 1-week increase of 2.77%, but it has underperformed over the past month and year, with declines of 4.59% and 15.77%, respectively. Despite a healthy long-term growth rate in operating profit and a low debt-to-equity ratio, the stock's recent performance has been negatively impacted by flat results in June and a significant underperformance relative to the broader market.
Broader Market Context: The stock's short-term performance has been relatively better than the benchmark, with a 1-week return of 2.77% compared to the Sensex's 1.58%. However, over the longer term, J Kumar Infraprojects Ltd has struggled, with a year-to-date decline of 17.19% against the Sensex's gain of 5.43%. This underperformance, coupled with the company's flat results and the broader market's negative sentiment, has contributed to the stock's current downward trend. High institutional holdings may provide some support, but the overall market context remains challenging for the stock.