Why is Jagatjit Inds. falling/rising?

As of 25-Jul, Jagatjit Industries Ltd is experiencing a decline in its stock price, currently at Rs 197.15, which reflects a decrease of Rs 6.7 or 3.29%. The stock has underperformed its sector by 2% today and has been on a downward trend for the last two days, resulting in a total decline of 4.76%. Additionally, the stock has shown a negative return of 4.41% over the past week, while its performance over the last month has been more positive at +18.73%. However, the company has reported negative results for the last five consecutive quarters, with significant losses in both profit before tax and profit after tax, leading to a weak long-term fundamental strength characterized by a high debt-to-equity ratio of 7.5 times. This financial instability, coupled with a negative EBITDA and falling investor participation, has contributed to the stock's recent decline. In the broader market context, the Sensex has only decreased by 0.36% over the past week, indicating that Jagatjit Industries Ltd's short-term performance is significantly worse than the benchmark. While the stock has shown strong returns over a three-year period at +235.29% and a five-year period at +460.09%, its year-to-date performance is notably poor at -17.85%, contrasting sharply with the Sensex's gain of 4.25% in the same timeframe. The lack of confidence from domestic mutual funds, which hold only 0.11% of the company, further underscores the market's cautious stance towards Jagatjit Industries Ltd, suggesting that investors are wary of the company's financial health and future prospects.