Why is Jainex Aamcol falling/rising?

As of 22-Jul, Jainex Aamcol Ltd's stock price is currently at Rs 193.00, reflecting a decrease of Rs 4.0 or 2.03%. The stock has underperformed its sector today by 1.89%, opening with a significant loss of 7.11% and reaching an intraday low of Rs 183. Despite a strong performance over the past year with a return of 23.72%, the stock has seen a decline in profits by 17%. The company's weak long-term fundamental strength, indicated by a low EBIT to Interest ratio and flat results in the most recent quarter, contributes to the negative sentiment surrounding the stock. Additionally, the falling investor participation, with a notable drop in delivery volume, suggests a lack of confidence among investors.
In the broader market context, Jainex Aamcol's short-term performance has been notably weaker than the benchmark, with a 1-week return of -1.83% compared to the Sensex's -0.47%. While the stock has outperformed the BSE500 over the long term, its recent struggles, including a trend reversal after two days of gains, highlight a disconnect between its historical performance and current market conditions. The stock's attractive valuation relative to peers may not be enough to offset the concerns regarding its operational efficiency and declining profits, leading to its current downward price movement.