Why is Jayshree Chem. falling/rising?

As of 17-Sep, Jayshree Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 6.99, which reflects a decrease of 0.21 or 2.92%. The stock has been underperforming significantly, with a 1-week return of -6.17% and a 1-month return of -6.55%. Additionally, it is trading below all its moving averages, indicating a bearish trend. The stock is also close to its 52-week low, just 2.72% away from Rs 6.80. The company is facing operational challenges, including operating losses and a weak ability to service its debt, which contributes to its negative EBITDA. Furthermore, the stock has consistently underperformed against the benchmark, generating a return of -28.16% over the past year while the benchmark has remained relatively flat.
In the broader market context, the Sensex has shown a positive return of 1.56% over the past week and 2.60% over the past month, contrasting sharply with Jayshree Chemicals' negative performance. This disparity highlights the company's struggles compared to the overall market. The decline in investor participation, with a significant drop in delivery volume, further exacerbates the stock's challenges. The company's majority shareholders being non-institutional and its poor long-term growth prospects, as indicated by a low PEG ratio, suggest a lack of confidence among investors, contributing to the stock's downward trajectory.