Why is JITF Infra Logis falling/rising?

As of 28-Jul, JITF Infra Logistics Ltd is experiencing a decline in its stock price, currently at Rs. 333.20, which reflects a decrease of Rs. 17.25 or 4.92%. The stock has recently hit a new 52-week low of Rs. 330.25 and has been underperforming its sector by 3.58%. Over the past two days, the stock has consecutively fallen, resulting in an 8.23% drop. The stock's performance over the last week shows a decline of 8.70%, while its year-to-date performance is down by 51.78%. The company is facing significant challenges, including a negative book value and a high debt-to-equity ratio, which contribute to its weak long-term fundamental strength. Additionally, the stock has generated a return of -62.26% over the past year, with profits plummeting by 1880%, indicating severe financial distress. In the broader market context, JITF Infra Logistics Ltd has underperformed compared to the benchmark, with the BSE500 index showing a negative return of only -2.52% over the past year. This stark contrast highlights the company's struggles, as it has not only lagged behind the market but has also seen a more significant decline than the overall market trends. The lack of confidence from domestic mutual funds, which hold only 0.02% of the company, further underscores the market's apprehension regarding its valuation and business prospects. Overall, the combination of poor financial performance, high debt levels, and negative investor sentiment is contributing to the stock's downward trajectory.