Why is Jhaveri Credits falling/rising?

As of 10-Jul, Jhaveri Credits & Capital Ltd's stock price is currently at Rs 254.00, reflecting an increase of Rs 1.25 or 0.49%. The stock has shown a positive trend recently, gaining 2.5% over the last two days and outperforming its sector by 0.36%. However, despite this short-term gain, the stock has underperformed significantly over longer periods, with a year-to-date decline of 5.91% and a staggering 29.44% drop over the past year. The company is facing challenges, including operating losses and a very expensive valuation relative to its peers, which may contribute to investor caution despite the recent uptick in price.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 0.06% over the past week and a positive return of 6.46% year-to-date. This indicates that while Jhaveri Credits has experienced a minor rebound in the short term, it continues to lag behind the overall market performance. The falling investor participation, as indicated by a decrease in delivery volume, suggests that confidence in the stock may be waning, further complicating its recovery prospects despite the recent price increase.