Why is Jindal Photo falling/rising?

As of 22-Jul, Jindal Photo Ltd is experiencing a decline in its stock price, currently at 890.00, reflecting a decrease of 18.0 points or 1.98%. Today's price summary indicates that the stock has underperformed its sector by 2.29% and has seen a trend reversal after three consecutive days of gains. Additionally, the stock's delivery volume has significantly decreased by 89.17% compared to the five-day average, suggesting falling investor participation. Over the past week, the stock has gained 2.89%, but it has underperformed over the last month with a decline of 13.85%. Despite generating a return of 4.61% over the past year, the stock's profits have decreased by 14.9%, and it has faced negative results in its latest quarterly earnings, which has likely contributed to its recent price movement.
In the broader market context, Jindal Photo's short-term performance contrasts with the Sensex, which has seen a slight decline of 0.47% over the past week. While the stock has shown consistent returns over the last three years, outperforming the BSE500 in each of the last three annual periods, the current valuation appears expensive with a Price to Book Value of 0.9. The low stake held by domestic mutual funds, at only 0.03%, may indicate a lack of confidence in the stock's current price or business outlook. Overall, the combination of disappointing quarterly results, reduced investor participation, and high valuation concerns are contributing to the stock's downward movement.