Why is JITF Infra Logis falling/rising?

As of 02-Jul, JITF Infra Logistics Ltd is currently priced at 356.00, reflecting an increase of 2.2 (0.62%). The stock has shown a trend reversal by gaining after three consecutive days of decline, and it outperformed its sector by 0.57%. Despite reaching an intraday high of Rs 363, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 4.30%, and it has significantly underperformed the market over the last year with a return of -57.74%. The company's negative book value and high debt levels, coupled with poor long-term growth metrics, contribute to its classification as a strong sell, indicating ongoing investor caution.
In the broader market context, while the Sensex has gained 0.79% over the past week, JITF Infra Logistics Ltd has not kept pace, reflecting its struggles in the current market environment. The stock's performance is particularly concerning given that it has underperformed the BSE500, which has generated returns of 3.11% in the last year. The low stake held by domestic mutual funds, at only 0.02%, suggests a lack of confidence in the company’s prospects, further highlighting the challenges it faces in attracting investment despite a slight uptick in trading volume.