Why is JBM Auto falling/rising?

As of 06-Aug, JBM Auto Ltd's stock price is currently at 619.10, reflecting a decline of 7.4 points or 1.18%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 1.46%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 3.69%, and it has significantly underperformed the market over the past year with a return of -31.89%. Additionally, the company is facing challenges such as a high Debt to EBITDA ratio of 3.86 times, which indicates a low ability to service its debt. Recent negative results, including a 27.1% drop in PAT compared to the previous quarter, further contribute to the stock's downward pressure.
In the broader market context, JBM Auto's recent performance contrasts with the benchmark, as the Sensex has only declined by 1.15% over the same week. The auto ancillary sector has also experienced a downturn, falling by 2.73%. Despite the company's long-term growth potential, with net sales and operating profit showing healthy annual growth rates, the stock's valuation appears expensive, with a PEG ratio of 5.6. The lack of significant investment from domestic mutual funds, holding only 0.24% of the company, may indicate a lack of confidence in the stock's current price or business outlook. Overall, the combination of poor recent financial performance, high debt levels, and weak investor sentiment has contributed to the stock's decline.