Why is JBM Auto falling/rising?

As of 29-Aug, JBM Auto Ltd's stock price is currently at 596.50, reflecting a decline of 7.0 points or 1.16%. The stock has been underperforming, having lost 6.53% over the past week and 8.23% over the past month. It has also experienced a consecutive fall for the last four days. The stock is trading below its moving averages across multiple time frames, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 27.67% compared to the five-day average. The company's financial health is concerning, highlighted by a high Debt to EBITDA ratio of 3.86 times and disappointing quarterly results, including a substantial decline in profit before tax and profit after tax. Although the company has shown healthy long-term growth in net sales and operating profit, the overall negative sentiment and financial metrics have contributed to the stock's recent decline.
In the broader market context, JBM Auto's performance has been notably worse than the benchmark, with a one-year return of -37.94% compared to the BSE500's decline of only -5.40%. This stark contrast suggests that investor confidence in JBM Auto is waning, particularly as domestic mutual funds hold a minimal stake in the company, which may indicate a lack of comfort with its current valuation. The stock's significant underperformance relative to the market and its peers, coupled with its high valuation metrics and poor recent financial results, further underscores the challenges it faces in regaining investor trust and stabilizing its price.