Why is Jay Bharat Maru. falling/rising?

As of 19-Aug, Jay Bharat Maruti Ltd's stock price is currently at Rs 83.53, reflecting a decrease of Rs 1.25 or 1.47%. The stock has underperformed its sector today by 3.93%, with an intraday high of Rs 86.8 and a low of Rs 83.01. Over the past week, the stock has declined by 4.10%, while it has shown a positive return of 9.32% over the last month. Despite the company reporting a significant growth in net profit of 329.91% and positive results for the last two consecutive quarters, the stock has faced challenges, including a high Debt to EBITDA ratio of 2.60 times and a low return on equity of 6.21%. These factors contribute to a perception of poor long-term growth potential, which may be affecting investor confidence.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.76% over the past week. While the auto ancillary sector has seen a rise of 2.45%, Jay Bharat Maruti's stock has not followed suit, indicating a lack of investor participation, as evidenced by a significant drop in delivery volume. The stock's year-to-date return is down 4.40%, compared to a 4.49% increase in the Sensex, further highlighting its underperformance. This combination of negative sentiment, high debt levels, and poor market positioning has led to the stock's decline despite some positive financial indicators.