Why is Jai Corp falling/rising?

As of 25-Jul, Jai Corp Ltd is experiencing a decline in its stock price, currently at Rs 103.60, which reflects a decrease of Rs 3.15 or 2.95%. The stock has been on a downward trend, having fallen for the last two days with a total return of -3.31% during this period. Additionally, the stock has shown poor performance over various time frames, with a year-to-date decline of -68.30% and a one-year drop of -72.23%. The company has also reported low investor participation, with delivery volume significantly down by 49.9% compared to the five-day average. Factors contributing to this decline include poor management efficiency indicated by a low return on equity (ROE) of 4.23%, stagnant net sales growth, and disappointing quarterly results, which have led to a perception of weak profitability and growth potential.
In the broader market context, the stock's short-term performance has significantly underperformed the benchmark, with a one-week return of -5.43% compared to the Sensex's minor decline of -0.36%. This stark contrast highlights the challenges Jai Corp faces relative to the overall market. Furthermore, the company has seen a decrease in institutional investor participation, which typically signals a lack of confidence in the stock's future performance. Overall, the combination of poor financial metrics, declining investor interest, and substantial underperformance against market benchmarks has contributed to the stock's current downward trajectory.