Why is Jhaveri Credits falling/rising?

As of 11-Aug, Jhaveri Credits & Capital Ltd is experiencing a decline in its stock price, currently at 261.95, which reflects a decrease of 1.95 or 0.74%. Today's price summary indicates that the stock opened significantly lower, with a gap down of 5.23%, and reached an intraday low of Rs 250, marking a drop of 5.27%. The stock has underperformed its sector by 1.43% today, and there has been a notable decrease in investor participation, with delivery volume falling by 60.12% against the 5-day average. Over the past week, the stock has shown a modest gain of 1.59%, but it has underperformed the market over the last year, with a return of -22.27% compared to the Sensex's +1.13%. The company's weak long-term fundamentals, reflected in an average Return on Equity (ROE) of 3.87% and declining profits, contribute to its expensive valuation, which is higher than its peers.
In the broader market context, while the stock has shown some positive movement in the short term, it has significantly lagged behind the benchmark indices over the past year. The Sensex has generated a return of +3.15% year-to-date, contrasting sharply with Jhaveri Credits' decline of 2.96% during the same period. This underperformance is further highlighted by the stock's substantial drop in profits and sales, which have decreased by 46.58% and 39.58%, respectively, over the last nine months. The combination of these factors suggests that despite some short-term gains, the overall sentiment around Jhaveri Credits remains negative, leading to its current price decline.