Why is Jash Engineering falling/rising?

As of 05-Sep, Jash Engineering Ltd is experiencing a slight decline in its stock price, currently at Rs 514.40, reflecting a decrease of -0.2 or -0.04%. The stock has been underperforming recently, with a consecutive fall over the last three days, resulting in a total decline of -1.26%. It is trading close to its 52-week low, just 1.94% away from Rs 504.4, and is below its moving averages across various time frames. Additionally, investor participation has decreased significantly, with delivery volume dropping by -33.91% compared to the five-day average. Despite a strong ability to service debt and healthy long-term growth in operating profit, the company is facing challenges, including a substantial quarterly loss and a low operating profit to interest ratio, which contribute to its negative sentiment.
In the broader market context, Jash Engineering's performance has been lackluster compared to the benchmark Sensex, which has gained +1.13% over the past week while Jash Engineering has fallen by -0.69%. This underperformance is further highlighted by the stock's -3.39% decline over the past month, contrasting with the Sensex's stable performance. The lack of investment from domestic mutual funds, holding 0% of the company, may indicate a lack of confidence in the stock's current valuation, which is considered expensive relative to its peers despite a low debt-to-EBITDA ratio. Overall, these factors suggest a challenging environment for Jash Engineering, contributing to its recent stock price decline.