Why is JBM Auto falling/rising?

As of 31-Jul, JBM Auto Ltd is experiencing a slight increase in its stock price, currently at 644.00, reflecting a change of 1.15 (0.18%) upward. Despite this minor uptick, the stock has shown a negative performance over the past week, with a decline of 4.45%, and a year-to-date drop of 16.04%. Today's trading saw the stock touch an intraday low of Rs 627.75, indicating volatility, and it is currently trading below all its moving averages. Additionally, there has been a significant decrease in investor participation, with delivery volume falling by 39.49% against the five-day average. The company's financial health is concerning, highlighted by a high Debt to EBITDA ratio of 3.86 times and a recent decline in profit after tax, which fell by 27.1% compared to the previous quarter.
In the broader market context, JBM Auto has underperformed relative to the benchmark, with a one-year return of -37.01% compared to the BSE500's -3.20%. This stark contrast indicates that while the market has faced challenges, JBM Auto's performance has been significantly worse. The company's long-term growth potential is somewhat overshadowed by its high debt levels and low ability to service that debt, despite healthy net sales growth of 24.58% annually. Furthermore, the low stake held by domestic mutual funds, at only 0.24%, suggests a lack of confidence in the stock's current valuation, which may also contribute to its ongoing struggles in the market.