Why is Jagatjit Inds. falling/rising?

As of 04-Sep, Jagatjit Industries Ltd is experiencing a price increase, currently at Rs 186.00, reflecting a rise of Rs 4.45 or 2.45%. Today's price summary indicates that the stock outperformed its sector by 4.69%, reaching an intraday high of Rs 188.1. Despite this positive movement, the stock has shown a decline of 2.36% over the past month and a significant drop of 22.50% year-to-date. The company faces challenges, including a high debt-to-equity ratio of 7.5 times and negative results for the last six consecutive quarters, which have contributed to a weak long-term fundamental strength. The stock's performance is further impacted by a negative EBITDA and a return on equity of only 4.19%, indicating low profitability.
In the broader market context, while the Sensex has increased by 0.80% over the past week, Jagatjit Industries has outperformed this benchmark with a weekly return of 4.94%. However, the stock has underperformed significantly over the last year, with a return of -29.32% compared to the market's decline of only -1.98%. The limited interest from domestic mutual funds, holding only 0.11% of the company, suggests a lack of confidence in the stock's valuation or business prospects. Overall, despite the recent uptick in price, the underlying financial issues and poor long-term growth prospects continue to weigh heavily on Jagatjit Industries Ltd.