Why is Jagatjit Inds. falling/rising?

As of 15-Sep, Jagatjit Industries Ltd is currently priced at 207.85, reflecting an increase of 0.85 (0.41%). The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it has underperformed its sector by 0.3% today, and the delivery volume has significantly decreased by 77.63% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has risen by 4.97%, and in the last month, it has increased by 9.68%. Despite these short-term gains, the company has declared negative results for the last six consecutive quarters, with a high debt-to-equity ratio of 7.5 times, which raises concerns about its long-term fundamental strength and profitability.
Broader market context shows that while the stock has outperformed the benchmark Sensex in the short term, with a 1-week return of 4.97% compared to the Sensex's 1.24%, it has significantly underperformed over the longer term, with a year-to-date return of -13.40% versus the Sensex's +4.67%. This disparity highlights the stock's volatility and the risks associated with its high debt levels and poor profitability metrics, such as a return on equity of only 4.19%. The limited interest from domestic mutual funds, holding only 0.11% of the company, further suggests a lack of confidence in the stock's future performance.