Why is JITF Infra Logis falling/rising?

As of 24-Jul, JITF Infra Logistics Ltd is experiencing a price increase, currently at Rs 363.10, reflecting a rise of 5.7 or 1.59%. The stock has shown a positive performance today, outperforming its sector by 1.91% and achieving a consecutive gain over the last two days with a total return of 1.79%. However, despite this recent uptick, the stock has underperformed over the past week and month, with declines of 2.93% and 3.97%, respectively. Additionally, the stock is trading below its moving averages across various time frames, indicating a potential weakness in its price momentum. The company faces significant challenges, including a negative book value and high debt levels, which contribute to its classification as a strong sell. The recent financial results have also been poor, with a substantial drop in profit after tax and a high interest burden, further complicating its long-term outlook.
In the broader market context, JITF Infra Logistics has significantly underperformed compared to the benchmark Sensex, which has shown a slight increase of 0.16% over the past month. While the stock has gained today, its year-to-date performance is notably poor, with a decline of 47.45% compared to the Sensex's gain of 5.18%. This stark contrast highlights the stock's struggles relative to the overall market, suggesting that investor sentiment remains cautious. The low participation from domestic mutual funds, holding only 0.02% of the company, indicates a lack of confidence in the stock's valuation and future prospects, which may continue to weigh on its performance despite short-term gains.