Why is Jayant Infratech falling/rising?

As of 02-September, Jayant Infratech Ltd is experiencing a decline in its stock price, currently at Rs 81.49, which reflects a decrease of Rs 8.51 or 9.46%. The stock has underperformed its sector by 11.03% today, reaching an intraday low of Rs 81.49. It has shown high volatility with an intraday fluctuation of 5.37% and has traded in a wide range of Rs 9.24. Over the past week, the stock has decreased by 6.67%, and year-to-date, it has fallen significantly by 40.37%, contrasting sharply with the Sensex, which has risen by 2.58% during the same period. The stock's performance has been consistently poor, with a 40.08% decline over the past year and a staggering 48.47% drop over three years. There is a notable increase in investor participation, with delivery volume rising by 52.17% against the five-day average, indicating some interest despite the overall downward trend.
In the broader market context, the stock's recent performance has been notably weaker than the benchmark, as it has underperformed the Sensex by a significant margin in both the short-term and long-term comparisons. While the Sensex has shown resilience with a slight increase over the past month and year, Jayant Infratech's continued decline highlights a stark contrast in investor sentiment and market performance. The liquidity of the stock remains adequate for trading, but the persistent negative returns suggest underlying issues that may be affecting investor confidence. Overall, the combination of high volatility, substantial declines in stock price, and underperformance relative to the benchmark indicates a challenging environment for Jayant Infratech Ltd.