Why is JBM Auto falling/rising?

As of 28-Aug, JBM Auto Ltd's stock price is currently at 603.50, reflecting a decrease of 12.55 points or 2.04%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.44% during this period. It is trading below all significant moving averages, indicating a bearish trend. Additionally, the stock has shown a year-to-date decline of 21.32% and a one-year drop of 38.22%, significantly underperforming the benchmark Sensex, which has gained 2.48% year-to-date. The company's financial health is concerning, with a high Debt to EBITDA ratio of 3.86 times and disappointing quarterly results, including an 81.1% drop in profit before tax compared to the previous four-quarter average.
In the broader market context, JBM Auto's recent performance contrasts sharply with the benchmark, as it has underperformed the market significantly over the past year, where the BSE500 index fell by only 5.01%. Despite a healthy long-term growth in net sales and operating profit, the stock's valuation appears expensive, with a PEG ratio of 5.4, suggesting that investors may be cautious. The low participation 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 prospects. Overall, these factors contribute to the stock's downward movement in the market.