Why is JITF Infra Logis falling/rising?

As of 18-Aug, JITF Infra Logistics Ltd is experiencing a price increase, currently at Rs 300.95, reflecting a rise of Rs 7.05 or 2.4%. Despite this uptick, the stock has shown significant underperformance over various periods, with a one-week decline of 8.82% and a year-to-date drop of 56.45%. Today's performance indicates that the stock outperformed its sector by 4.12%, reaching an intraday high of Rs 314.3. However, it is trading below all key moving averages, and the stock is only 3.97% away from its 52-week low. The company has a negative book value and a high debt-to-equity ratio, which raises concerns about its long-term viability. Additionally, the recent quarterly results showed a significant decline in profit, further contributing to the stock's risky profile.
In the broader market context, while the Sensex has shown a slight gain of 0.83% over the past week, JITF Infra Logistics has significantly underperformed, indicating a lack of investor confidence. The stock's substantial decline of 71.20% over the past year starkly contrasts with the market's negative return of only 1.14%. The limited interest from domestic mutual funds, holding just 0.02% of the company, suggests that institutional investors may be wary of the stock's current valuation and business fundamentals. Overall, while there is a short-term price increase, the long-term outlook remains negative due to fundamental weaknesses and poor performance relative to the market.