Why is J Kumar Infra falling/rising?

As of 07-Nov, J Kumar Infraprojects Ltd is experiencing a decline in its stock price, currently at Rs 620.10, reflecting a decrease of Rs 34.75 or 5.31%. Today's performance indicates that the stock has underperformed its sector by 5.43%, with an intraday low of Rs 617.7. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Over the past week, the stock has dropped by 6.47%, and it has also underperformed the market significantly over the last year, with a return of -18.02% compared to the Sensex's gain of 4.62%. While the company has a low debt-to-equity ratio and has shown healthy long-term growth in operating profit, the recent negative quarterly results, including a decline in PAT and a high debt-equity ratio, have contributed to the stock's downward movement.
Broader Market Context: In the context of the broader market, J Kumar Infraprojects Ltd's recent performance contrasts sharply with the benchmark indices. While the Sensex has gained 1.57% over the past month and 6.50% year-to-date, J Kumar's stock has declined by 3.73% and 19.57% respectively during the same periods. This underperformance highlights investor concerns, particularly in light of the company's recent negative results and lower turnover ratios, which may have led to a lack of confidence among investors despite the stock's attractive valuation metrics and high institutional holdings.