Why is Jet Freight falling/rising?

As of 24-Sep, Jet Freight Logistics Ltd is currently priced at 13.21, reflecting a decrease of 0.11 or 0.83%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 2.44% during this period. Despite outperforming its sector by 0.71% today, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Jet Freight has generated a return of -24.47%, while its profits have increased by 21.2%, indicating a disconnect between stock performance and profitability. The company has a favorable valuation with a Return on Capital Employed (ROCE) of 10.2 and a PEG ratio of 0.7, suggesting it is trading at a discount compared to its peers. However, the long-term fundamentals are weak, highlighted by a -4.71% CAGR growth in net sales over the last five years and a high Debt to EBITDA ratio of 5.33 times, which raises concerns about its ability to service debt.
In the broader market context, Jet Freight's short-term performance has been less favorable compared to the benchmark, with a 1-week return of -2.15% against the Sensex's -1.18%. This underperformance is consistent with its longer-term trends, where it has lagged behind the BSE500 over the past three years, one year, and three months. The stock's recent price decline can be attributed to its weak long-term fundamentals and negative financial results, including a significant drop in net sales and profitability metrics. Overall, while there are some attractive valuation indicators, the combination of declining sales, high debt levels, and poor historical performance contributes to the stock's current downward trajectory.