Why is Jay Bharat Maru. falling/rising?

As of 25-Jul, Jay Bharat Maruti Ltd's stock price is currently at Rs 72.59, reflecting a decrease of Rs 1.37, or 1.85%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 5% during this period. Today's performance shows that the stock has underperformed its sector by 0.44%. Additionally, the stock's returns over various periods indicate significant underperformance, with a year-to-date decline of 16.92% and a one-year drop of 34.10%. While the company recently reported positive quarterly results, including an 83.1% growth in PAT and the highest operating profit to interest ratio, its long-term fundamentals remain weak, with a low average ROCE of 8.84% and a high Debt to EBITDA ratio of 2.60 times, which may contribute to investor concerns.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has only declined by 0.36% over the past week and has generated a positive return of 4.25% year-to-date. This stark difference highlights the stock's struggle to attract investor confidence, particularly as domestic mutual funds hold a mere 0.04% of the company, suggesting a lack of comfort with the stock's valuation or business prospects. Overall, the combination of weak long-term growth indicators, poor recent performance relative to the market, and low institutional interest contributes to the stock's downward trajectory.