Why is Jash Engineering falling/rising?

As of 26-Aug, Jash Engineering Ltd's stock price is currently at Rs 518.65, reflecting a decline of Rs 14.2 or 2.66%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 4.29% during this period. It is also trading close to its 52-week low, just 2.75% above Rs 504.4. In terms of performance against benchmarks, the stock has seen a 1-week increase of 0.59%, while the Sensex has decreased by 1.05%. However, over the past month, Jash Engineering's stock has decreased by 9.93%, compared to a smaller decline of 0.83% in the Sensex. The company is facing significant challenges, with a reported loss in profit before tax and profit after tax, which have fallen dramatically. Additionally, despite a strong ability to service debt and healthy long-term growth in operating profit, the stock's high valuation and low domestic mutual fund interest may be contributing to its recent price decline.
In the broader market context, Jash Engineering's short-term performance contrasts with the benchmark, as it has underperformed the Sensex over the past week and month. The engineering sector, specifically industrial equipment, has also seen a decline of 2.16%, indicating a challenging environment for stocks in this category. While there has been a rise in investor participation, as evidenced by an increase in delivery volume, the overall sentiment appears negative due to the company's financial struggles and high valuation relative to its peers. This combination of factors suggests that the stock's recent price movement is influenced by both company-specific issues and broader market trends.