Why is Jash Engineering falling/rising?

As of 04-Sep, Jash Engineering Ltd's stock price is currently at Rs 514.60, reflecting a decrease of Rs 2.7 or 0.52%. The stock has been experiencing a downward trend, having fallen for the last two days with a total decline of 1.22%. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock is close to its 52-week low, being only 1.98% away from Rs 504.4. The recent performance indicates a significant drop over the past month, with a decline of 9.47%. The company's financial health shows a strong ability to service debt, but it has reported a substantial loss in profit after tax for the last quarter, which has contributed to negative sentiment among investors.
In the broader market context, Jash Engineering's short-term performance has lagged behind the Sensex, which has gained 0.80% over the past week while Jash Engineering has seen a slight decline of 0.07%. This underperformance may be exacerbated by a notable decrease in investor participation, as evidenced by a 27.52% drop in delivery volume compared to the 5-day average. Furthermore, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's valuation and future prospects. Overall, the combination of poor recent financial results, declining stock performance relative to the market, and reduced investor interest has led to the stock's current downward trajectory.