Why is Jaipan Industrie falling/rising?

As of 10-Jul, Jaipan Industries Ltd is experiencing a decline in its stock price, currently at 35.00, reflecting a decrease of -0.1 or -0.28%. The stock has underperformed its sector by -0.88% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of -5.07%. Despite the company reporting positive results over the last three consecutive quarters, including a net sales growth of 29.66% and a higher PAT, the stock's long-term fundamental strength is weak, with a low return on capital employed (ROCE) of 2.89% and poor growth metrics over the past five years. Additionally, a significant drop in investor participation, with delivery volume falling by -43.19% against the five-day average, further contributes to the stock's downward movement.
In the broader market context, Jaipan Industries has underperformed the Sensex, which has shown a slight decline of only -0.06% over the past week, while Jaipan's stock has dropped by -5.38%. Year-to-date, Jaipan's performance is notably poor at -8.50%, contrasting sharply with the Sensex's gain of +6.46%. This disparity highlights the stock's struggles relative to the market, compounded by its high debt to EBITDA ratio and an expensive valuation compared to its peers. Overall, the combination of weak long-term fundamentals, declining investor interest, and poor short-term performance relative to the benchmark indicates a challenging environment for Jaipan Industries Ltd.