Why is Jai Corp falling/rising?

As of 09-Sep, Jai Corp Ltd's stock price is currently at Rs 165.10, reflecting a decrease of Rs 8.1 or 4.68%. The stock has underperformed its sector by 4.7% today and has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 163, indicating a significant drop of 5.89%. Over the past week, the stock has shown a strong performance with a return of 16.43%, but it has a year-to-date decline of 49.49%. The company has a low debt-to-equity ratio and reported positive quarterly results, including a highest PAT of Rs 104.33 crore and an EPS of Rs 5.94. However, it also faces challenges such as poor management efficiency, indicated by a low return on equity (ROE) of 4.23%, and a long-term growth rate in net sales of only 1.00%. Additionally, institutional investor participation has decreased, which may contribute to the stock's recent decline.
In the broader market context, while Jai Corp's stock has outperformed the benchmark in the short term, with a 1-week return of 16.43% compared to the Sensex's 1.18%, it has significantly underperformed over the past year, with a return of -53.45% against the benchmark's -0.56%. This stark contrast highlights the stock's struggles despite some recent positive movements. The overall market sentiment appears to be cautious, especially given the company's declining institutional interest and the broader trend of negative returns over the past year, which may be influencing investor confidence and contributing to the stock's current downward movement.