Why is Jash Engineering falling/rising?

As of 22-Sep, Jash Engineering Ltd's stock price is currently at Rs 516.80, reflecting a decrease of Rs 4.85 or 0.93%. The stock has underperformed today, opening with a significant loss of 6.75% and hitting a new 52-week low of Rs 486.45. Over the past week, the stock has shown a slight gain of 0.74%, but it has declined by 4.63% over the past month. The company's financials reveal a concerning trend, with a negative profit after tax of Rs -5.09 crore, indicating a drastic fall of 1118.0%. Although the company has a strong ability to service debt with a low Debt to EBITDA ratio of 0.58 times and healthy long-term growth in operating profit, the overall financial performance and valuation metrics suggest a troubling outlook.
In the broader market context, Jash Engineering's recent performance contrasts with the Sensex, which has gained 0.46% over the past week and 1.05% over the past month. The stock's decline today, coupled with falling investor participation and a lack of domestic mutual fund investment, suggests a lack of confidence among investors. The stock is trading at a discount compared to its peers' average historical valuations, yet the high Price to Book Value ratio of 7.4 indicates it may be considered expensive. Overall, the combination of negative financial results, poor market sentiment, and underperformance relative to the benchmark contributes to the stock's downward movement.