Why is Jai Corp falling/rising?

As of 04-Sep, Jai Corp Ltd's stock price is currently at Rs 160.10, reflecting a decline of Rs 7.95 or 4.73%. The stock has experienced a trend reversal, falling after four consecutive days of gains. Today, it reached an intraday high of Rs 174.9 but also dipped to a low of Rs 158.05, indicating high volatility with a wide trading range of Rs 16.85. Over the past week, the stock has outperformed the Sensex with a return of +33.97%, while its performance over the last month shows a significant increase of +43.85%. However, the stock has underperformed its sector today by 3.66%. Despite positive quarterly results, including a record PAT and EPS, the company faces challenges such as low management efficiency, a low return on equity of 4.23%, and a poor long-term growth rate in net sales.
Broader market context indicates that while the stock has shown strong short-term returns, it has significantly underperformed the market over the past year, with a return of -56.54% compared to the BSE500's -4.38%. Institutional investor participation has also decreased, which may contribute to the stock's decline as these investors typically have more resources to analyze company fundamentals. The stock's valuation appears expensive relative to its peers, despite a low debt-to-equity ratio and rising investor participation in recent trading volumes. Overall, the combination of high volatility, recent price declines, and poor long-term growth prospects are contributing to the stock's current downward movement.