Why is Jash Engineering falling/rising?

As of 03-Sep, Jash Engineering Ltd is experiencing a decline in its stock price, currently at Rs 517.30, which represents a decrease of Rs 3.65 or 0.7%. The stock has underperformed its sector by 1% today and opened with a loss of 2.1%, touching an intraday low of Rs 510. Additionally, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has seen a significant drop of 8.77%, while its performance over the past week is slightly better at -0.26%. The company has a low Debt to EBITDA ratio of 0.58, indicating a strong ability to service debt, and its operating profit has shown healthy long-term growth at an annual rate of 32.81%. However, the recent financial results show a substantial fall in PAT, which has decreased by 1118%, and the operating profit to interest ratio is at its lowest, suggesting financial strain.
In the broader market context, Jash Engineering's short-term performance has been slightly worse than the benchmark Sensex, which has declined by 0.27% over the same week. Despite the stock trading at a discount compared to its peers' average historical valuations, domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its current price or business outlook. The company's return over the past year stands at 0.00%, despite a 16.3% increase in profits, leading to a PEG ratio of 2.5, which is considered high. This combination of factors, including falling investor participation and a significant drop in quarterly profits, contributes to the stock's downward movement.