Why is JITF Infra Logis falling/rising?

As of 14-Aug, JITF Infra Logistics Ltd is experiencing a decline in its stock price, currently at Rs. 293.90, reflecting a decrease of Rs. 35.75 or 10.84%. The stock has hit a new 52-week low of Rs. 289 today, indicating significant downward pressure. It has underperformed its sector by 9.11% and has shown high volatility with an intraday range of Rs. 42. The stock is trading below all key moving averages, and investor participation has decreased sharply, with delivery volume falling by 54.04% against the 5-day average. Additionally, the stock has suffered substantial losses over various time frames, including a 70.57% decline over the past year, which is significantly worse than the benchmark's negative return of 0.57%.
In the broader market context, JITF Infra Logistics Ltd's performance has been notably poor compared to the benchmark, as it has underperformed the market significantly over the last year. The company's weak fundamentals, highlighted by a negative book value and high debt levels, contribute to its risk profile, making it less attractive to investors. The flat results reported in June, including a substantial drop in profit after tax, further exacerbate concerns about its long-term viability. The minimal stake held by domestic mutual funds suggests a lack of confidence in the company's prospects, reinforcing the stock's downward trajectory.