Why is Jash Engineering falling/rising?

As of 01-Sep, Jash Engineering Ltd's stock price is currently at Rs 515.30, reflecting a decrease of Rs 2.7 or 0.52%. The stock has underperformed in the short term, with a 1-week return of -3.29% and a 1-month return of -9.12%. Today's performance indicates that it is trading lower than all key moving averages, and it is close to its 52-week low, just 2.12% away from Rs 504.4. Additionally, there has been a significant drop in investor participation, with delivery volume falling by nearly 60% against the 5-day average. The company's financials show a concerning trend, with a quarterly PAT of Rs -5.09 crore, indicating a drastic decline, and a low operating profit to interest ratio of -1.32 times, which raises red flags about its profitability.
In the broader market context, Jash Engineering's recent performance contrasts with the Sensex, which has only declined by 1.56% over the past week. While the company has a strong ability to service debt and healthy long-term growth in operating profit, these positives are overshadowed by its expensive valuation and lack of domestic mutual fund investment, suggesting a lack of confidence in its current price. The stock's PEG ratio of 2.5 further indicates that despite profit growth, the valuation may not be justified, contributing to its downward pressure in the market.