Why is Jaipan Industrie falling/rising?

As of 22-Sep, Jaipan Industries Ltd is experiencing a decline in its stock price, currently at Rs 30.82, which represents a decrease of 1.1 or 3.45%. Today's performance indicates that the stock has underperformed its sector by 3.21%, with an intraday low of Rs 30.6, reflecting a drop of 4.14%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 36.64% compared to the 5-day average. Over the past year, the stock has generated a return of -13.31%, despite a substantial profit increase of 102.2%, indicating a disconnect between stock performance and underlying profitability. However, the company has weak long-term fundamentals, with a low ROCE of 2.89% and poor growth metrics, which contribute to the negative sentiment surrounding the stock.
In the broader market context, Jaipan Industries has underperformed relative to the benchmark, with a 1-week return of -3.39% compared to the Sensex's gain of 0.46%. This trend of underperformance extends over longer periods, with the stock down 8.79% over the past month and 19.42% year-to-date, while the Sensex has seen a positive return of 1.05% and 5.15%, respectively. The stock's poor performance in both short-term and long-term metrics, combined with its weak financial fundamentals and declining investor interest, highlights the challenges it faces in the current market environment.