Why is Jai Corp falling/rising?

As of 26-Sep, Jai Corp Ltd is experiencing a decline in its stock price, currently at Rs 143.65, which represents a decrease of Rs 4.25 or 2.87%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 8.74% during this period. Additionally, the stock has underperformed its sector by 0.98% today. Despite a high dividend yield of 3.72% 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 past five years. Furthermore, institutional investor participation has decreased, which may negatively impact market confidence in the stock.
In the broader market context, Jai Corp's performance has been notably worse than the benchmark, with a one-year return of -61.71% compared to the BSE500's decline of -7.63%. Over the past week, the stock has also underperformed the Sensex, which fell by only 2.66%. This stark contrast highlights the stock's ongoing struggles despite some positive financial indicators. The combination of falling institutional interest and poor long-term growth prospects suggests that investor sentiment remains cautious, contributing to the stock's recent decline.