Why is JITF Infra Logis falling/rising?

As of 20-Aug, JITF Infra Logistics Ltd is experiencing a decline in its stock price, currently at Rs 296.95, which reflects a decrease of Rs 2.55 or 0.85%. The stock has underperformed significantly, with a 1-week return of -9.92% and a 1-month return of -19.09%. Today's performance indicates that the stock is close to its 52-week low, being only 2.68% away from Rs 289. Additionally, the stock has been losing for the last two days, with a total decline of -1.33% during this period. The company is trading below all its moving averages, and there has been a notable drop in investor participation, with delivery volume falling by 15.1% against the 5-day average. The company's negative book value and high debt levels, along with a significant drop in profits, further contribute to its weak long-term outlook.
In the broader market context, JITF Infra Logistics has underperformed compared to the benchmark, with the Sensex showing a positive return of +1.64% over the past week. The stock's performance has been particularly poor over the last year, with a staggering decline of -74.33%, while the broader market has only seen a slight negative return of -1.20%. This stark contrast highlights the company's struggles, as domestic mutual funds hold a minimal stake, indicating a lack of confidence in the stock's valuation. Overall, the combination of poor financial performance, high debt, and negative investor sentiment has led to the stock's continued decline.