Why is Jay Bharat Maru. falling/rising?

As of 12-Aug, Jay Bharat Maruti Ltd's stock price is currently at 87.10, reflecting a slight decline of -0.05 (-0.06%). The stock has been experiencing a downward trend, having fallen for the last two days with a total return of -3.6% during this period. Although the stock is trading higher than its 20, 50, 100, and 200-day moving averages, it is lower than its 5-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by -74.04% compared to the 5-day average. Despite a strong net profit growth of 329.91% and positive results in the last two quarters, the stock has underperformed over the past year with a return of -18.86%, indicating a disconnect between its financial performance and market perception.
In the broader market context, the stock's short-term performance of -0.92% over the past week is worse than the benchmark Sensex, which declined by -0.59%. This underperformance is compounded by the company's high Debt to EBITDA ratio of 2.60 times, suggesting a low ability to service debt, and a relatively low return on equity of 6.21%, indicating weak profitability. Furthermore, domestic mutual funds hold only a minimal stake of 0.04% in the company, which may reflect a lack of confidence in its valuation or business prospects. Overall, while the company shows strong profit growth, concerns regarding debt levels and market sentiment are contributing to the stock's recent decline.