Why is Jaykay Enter. falling/rising?

As of 14-Nov, Jaykay Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 210.75, which reflects a decrease of Rs 4.55 or 2.11%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 6.83% during this period. Today's trading saw the stock reach an intraday low of Rs 208.1, and the volume traded was closer to this low price, indicating a lack of investor confidence. Despite a strong performance over the long term, with a year-to-date return of 73.67% and a remarkable 541.66% return over three years, the recent trend suggests a shift in sentiment. The company has positive growth indicators, such as a low debt-to-equity ratio and significant growth in net sales, but it also faces challenges like poor management efficiency and low return on equity, which may be contributing to the current price decline.
In the broader market context, Jaykay Enterprises Ltd has underperformed compared to the Sensex, which has gained 1.62% over the past week while the stock has dropped 5.79%. This disparity highlights the stock's recent struggles despite its impressive long-term performance. The falling investor participation, with a 13.05% decrease in delivery volume compared to the five-day average, further underscores the lack of interest from investors, which could be a significant factor in the stock's current downward trajectory. Additionally, the absence of domestic mutual fund investment may indicate a lack of confidence in the stock's valuation, which is perceived as expensive relative to its peers.