Why is Jhaveri Credits falling/rising?

As of 01-Jul, Jhaveri Credits & Capital Ltd's stock price is currently at 261.30, reflecting a decrease of 5.3, or 1.99%. The stock has been underperforming, having lost 5.99% over the last three days and showing a negative return of 2.86% over the past month. Additionally, the stock's performance today has underperformed its sector by 1.85%. Key financial indicators reveal significant operating losses, with a PAT of Rs -1.00 crore and a PBDIT at its lowest of Rs -2.07 crore. The stock is trading at a premium compared to its peers, with a Price to Book Value of 2.7, indicating a very expensive valuation. This combination of poor financial performance and high valuation has contributed to the stock's recent decline.
In the broader market context, the stock has significantly underperformed the benchmark, with a one-year return of -27.65% compared to the Sensex's positive return of 5.31%. While the market has shown resilience, Jhaveri Credits has struggled, evidenced by its negative returns over various periods, including a 3.20% decline year-to-date. The falling investor participation, with a delivery volume drop of 52.82%, further suggests a lack of confidence among investors. Overall, the stock's weak fundamentals and poor market performance have led to its current downward trajectory.