Why is Jayant Infratech falling/rising?

As of 08-Sep, Jayant Infratech Ltd is experiencing a decline in its stock price, currently at Rs 83.61, which reflects a decrease of 2.4 points or 2.79%. The stock has underperformed its sector today by 3.64%, with erratic trading patterns noted, as it did not trade on one day out of the last twenty. The stock reached an intraday high of Rs 88.99 but fell to its current low, indicating volatility. Additionally, the stock's performance over the past week shows a significant decline of 7.10%, and it has underperformed the benchmark Sensex, which has gained 0.53% in the same period. The delivery volume has also decreased by 37.5% compared to the five-day average, suggesting a drop in investor participation.
Broader Market Context: In the context of broader market performance, Jayant Infratech's year-to-date return is notably poor at -38.81%, while the Sensex has risen by 3.39%. This stark contrast highlights the company's struggles relative to the overall market. Over the past year, the stock has also underperformed, with a decline of 38.75% compared to a slight decrease of 0.49% in the Sensex. The stock's moving averages indicate it is performing better than the 20-day, 50-day, and 100-day averages but worse than the 5-day and 200-day averages, further emphasizing its recent struggles in a generally positive market environment.