Why is Jagatjit Inds. falling/rising?

As of 02-Jul, Jagatjit Industries Ltd is experiencing a decline in its stock price, currently at 169.40, which reflects a decrease of 0.6 or 0.35%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a total decline of 4.56% during this period. Additionally, it is trading below its moving averages across various time frames, indicating a bearish sentiment. The company has reported negative results for the last five quarters, with significant drops in operating profit and net profit, contributing to a weak long-term fundamental strength characterized by a high debt-to-equity ratio of 7.5 times. Furthermore, the lack of investor participation, as evidenced by a 57.85% drop in delivery volume, suggests diminishing confidence among shareholders.
In the broader market context, while the Sensex has shown a modest gain of 0.79% over the past week, Jagatjit Industries has outperformed the benchmark with a 2.02% increase in the same timeframe. However, this short-term performance is overshadowed by the stock's significant underperformance over the past year, where it has declined by 21.74% compared to the market's 5% gain. The company's weak financial metrics, including a negative EBITDA and low return on equity, further exacerbate its challenges, leading to a perception of risk among investors and a lack of interest from domestic mutual funds, which hold only a minimal stake in the company.