Why is Jai Corp falling/rising?

As of 24-Sep, Jai Corp Ltd's stock price is currently at Rs 153.00, reflecting a decline of Rs 4.4 or 2.8%. The stock has underperformed its sector by 2.37% today, with an intraday low of Rs 151.3, which is a decrease of 3.88%. Over the past week, the stock has seen a decline of 4.26%, while it has performed better over the past month with an increase of 18.10%. Despite a high dividend yield of 3.49% and positive quarterly results showing a significant increase in profit after tax and earnings per share, the company faces challenges such as poor management efficiency indicated by a low return on equity of 4.23% and a lack of long-term growth, with net sales growing at only 1.00% annually over the last five years. Additionally, institutional investor participation has decreased, which may signal a lack of confidence in the stock's future performance.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a year-to-date decline of 53.19% compared to a 4.58% increase in the Sensex. Over the past year, Jai Corp's stock has dropped by 60.14%, significantly underperforming the market's overall decline of 5.32%. This stark contrast highlights the stock's struggles relative to broader market trends, contributing to investor sentiment that may be driving the current price decline.