Why is Jash Engineering falling/rising?

As of 24-Jul, Jash Engineering Ltd's stock price is currently at Rs 598.45, reflecting a decrease of Rs 7.1 or 1.17%. Today's trading saw the stock open with a gain of 3.2%, reaching an intraday high of Rs 624.9, but it later fell to a low of Rs 589. The stock has underperformed its sector by 0.73% today, and the weighted average price indicates that more volume was traded closer to the low price. Over the past week, the stock has declined by 2.16%, while it has shown a positive return of 7.55% over the past month. Despite the recent price drop, the company has demonstrated strong financial performance, with a low Debt to EBITDA ratio of 0.58 times and consistent positive results over the last 11 quarters, including a 24.34% growth in PAT for the last nine months.
In the broader market context, Jash Engineering's recent performance contrasts with the Sensex, which has only decreased by 0.09% over the past week. This indicates that while the stock has faced challenges, the overall market has not been significantly affected. The falling investor participation, with a 65.59% drop in delivery volume compared to the five-day average, may also contribute to the stock's decline. Despite these challenges, the company's solid growth metrics in net sales and PBDIT suggest that it has the potential for recovery, although current investor sentiment appears cautious.