Why is Jash Engineering falling/rising?

As of 18-Sep, Jash Engineering Ltd is experiencing a decline in its stock price, currently at Rs 515.30, which reflects a decrease of Rs 0.7 or 0.14%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 2.12% away from Rs 504.4. The performance over the past week shows a slight decline of 0.39%, while the one-month return is marginally positive at 0.06%. However, the company has reported a significant drop in profit after tax for the quarter, falling by 1118%, which raises concerns about its financial health. Despite a strong ability to service debt and healthy long-term growth in operating profit, the negative factors, including a low return on equity and an expensive valuation, contribute to the stock's downward movement.
In the broader market context, Jash Engineering's recent performance has underperformed the benchmark Sensex, which has gained 1.80% over the past week. The stock's lack of appeal is further highlighted by the absence of domestic mutual fund investment, suggesting a lack of confidence among institutional investors. The stock's price decline is compounded by a significant drop in investor participation, with delivery volume falling by 24.48% against the 5-day average. Overall, while the company shows potential for long-term growth, the current financial metrics and market sentiment indicate a challenging environment for Jash Engineering Ltd.