Why is Jasch Gauging falling/rising?

As of 30-Oct, Jasch Gauging Technologies Ltd is experiencing a decline in its stock price, currently at Rs. 622.25, which reflects a decrease of Rs. 42.3 or 6.37%. Despite hitting a new 52-week high of Rs. 668 earlier in the day, the stock has underperformed its sector by 6.01% and touched an intraday low of Rs. 612, indicating significant volatility. Over the past week, the stock has shown a return of 14.99%, while its performance over the last month is positive at 13.14%. However, the company's profits have fallen by 8% over the past year, despite generating a return of 3.71%, which may contribute to investor concerns. The company has a low debt-to-equity ratio and reported strong operating cash flow and net sales in its latest results, but these positive factors are overshadowed by the recent profit decline.
In the broader market context, the Sensex has shown a slight decline of 0.18% over the past week, while Jasch Gauging's performance has significantly outpaced this benchmark. However, the stock's recent drop indicates a disconnect between its short-term gains and the overall market sentiment. The substantial increase in delivery volume suggests rising investor participation, which could indicate confidence in the company's fundamentals despite the recent price drop. Overall, while the stock has demonstrated strong short-term returns compared to the benchmark, the recent profit decline and underperformance against its sector may be influencing the current downward price movement.