Why is Jindal Photo falling/rising?

As of 15-Jul, Jindal Photo Ltd's stock price is currently at 865.00, reflecting an increase of 4.0 (0.46%). The stock has been gaining for the last two days, with a return of 0.76% during this period. However, it has experienced a decline of 5.15% over the past week and a year-to-date drop of 4.87%. Despite generating a modest return of 2.26% over the last year, the company has faced significant challenges, including a 60.4% decline in profit before tax and a 60.1% drop in profit after tax compared to previous quarters. Additionally, the stock's valuation appears expensive with a price-to-book value of 0.9, and domestic mutual funds hold only a minimal stake, indicating potential concerns about the company's prospects.
In the broader market context, Jindal Photo's short-term performance has been weaker than the benchmark, as the Sensex has only declined by 1.36% over the past week. While the stock has shown some resilience with a positive return over the last month, it still lags behind the benchmark's 1.79% gain. The overall market sentiment may be affecting investor participation, as evidenced by a 27.67% drop in delivery volume, which suggests a decrease in trading interest. This combination of underperformance relative to the benchmark and declining investor engagement may contribute to the stock's recent price movements.