Why is Jay Bharat Maru. falling/rising?

As of 17-Sep, Jay Bharat Maruti Ltd's stock price is currently at 93.90, reflecting a decrease of 0.1, or 0.11%. The stock has been experiencing a decline, having lost 1.16% over the last two days. Despite being above its 20-day, 50-day, 100-day, and 200-day moving averages, it is below its 5-day moving average. The delivery volume has also decreased significantly, falling by 42.04% compared to the 5-day average, indicating a drop in investor participation. Although the company has reported very positive results with a 329.91% growth in net profit and strong operating profit metrics, it faces challenges such as a high Debt to EBITDA ratio of 2.60 times and low profitability per unit of shareholders' funds, which may be contributing to the stock's recent downward movement.
In the broader market context, the stock's performance over the past week shows a decline of 1.68%, contrasting with a 1.56% increase in the Sensex, suggesting that the stock is underperforming relative to the benchmark. While the stock has shown a positive return of 15.48% over the past month, the recent short-term decline may be affecting investor sentiment. The overall market appears to be performing well, which could further highlight the stock's struggles, especially given that domestic mutual funds hold only a minimal stake in the company, indicating a lack of confidence in its current valuation or business prospects.