Why is Jhaveri Credits falling/rising?

As of 16-Jul, Jhaveri Credits & Capital Ltd is experiencing a decline in its stock price, currently at 259.00, reflecting a decrease of 5.0 points or 1.89%. The stock has underperformed its sector by 1.66% today and has seen a trend reversal after five consecutive days of gains. Despite trading above its moving averages for 5, 20, 50, 100, and 200 days, the company reported significant operating losses, with a PAT of Rs -1.00 crore, marking a 207.0% decline compared to the previous four-quarter average. Additionally, the stock has underperformed over the past year, generating a return of -29.50%, while its profits have increased by 35%, indicating a disconnect between stock performance and profitability.
In the broader market context, the stock's short-term performance over the past week shows a gain of 2.47%, contrasting with the Sensex's decline of 1.08%. However, over the year-to-date, Jhaveri Credits has fallen by 4.06%, while the benchmark has risen by 5.75%. This underperformance is compounded by the company's weak long-term fundamentals, characterized by a low return on equity of 2.7 and a high price-to-book value ratio, suggesting that the stock is trading at a premium compared to its peers. Overall, the combination of recent losses, poor long-term fundamentals, and significant underperformance relative to the market contributes to the stock's current downward movement.