Why is Jash Engineering falling/rising?

As of 24-Sep, Jash Engineering Ltd's stock price is currently at 516.00, reflecting a slight increase of 0.1 (0.02%). The stock has outperformed its sector today by 1.31% and has shown a consecutive gain over the last two days, rising by 0.28%. However, the stock has experienced a decline of 4.78% over the past month. The company has a strong ability to service debt, indicated by a low Debt to EBITDA ratio of 0.58 times, and has demonstrated healthy long-term growth with an annual operating profit growth rate of 32.81%. Despite these positive factors, the company has reported significant losses in profit before tax and profit after tax, raising concerns about its financial health. Additionally, the stock's valuation appears expensive with a Price to Book Value of 7.5, and domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its current price.
In the broader market context, the stock's performance over the past week has been flat at 0.00%, while the benchmark Sensex has declined by 1.18%. This suggests that Jash Engineering has managed to maintain its price stability relative to the market downturn. However, the stock's performance over the past month shows a decline against the benchmark's slight increase of 0.50%, indicating that while it has outperformed in the short term, it has not fared well in the longer term compared to the market. The falling investor participation, as evidenced by a significant drop in delivery volume, may also contribute to the stock's price movements, reflecting a cautious sentiment among investors.