Why is JITF Infra Logis falling/rising?

As of 21-Aug, JITF Infra Logistics Ltd is experiencing a decline in its stock price, currently at Rs. 291.75, which represents a decrease of Rs. 5.2 or 1.75%. The stock has hit a new 52-week low of Rs. 289 today and has underperformed its sector by 1.68%. Over the past three days, the stock has consistently fallen, accumulating a total decline of 3.06%. Additionally, it is trading below all its moving averages, indicating a bearish trend. The company has a negative book value and has shown weak long-term fundamental strength, with net sales growing at a mere 26.77% over the last five years and operating profit stagnating at 0%. The stock's performance over the past year has been particularly poor, with a return of -75.45%, significantly worse than the broader market's decline of -1.56%.
In the broader market context, JITF Infra Logistics Ltd's short-term performance has been notably weaker than the benchmark, as it has declined by 0.73% over the past week while the Sensex has increased by 1.74%. The company's high debt levels and negative book value contribute to its perception as a risky investment, which is reflected in the minimal interest from domestic mutual funds, holding only 0.02% of the company. The recent flat results, including a significant drop in profit after tax, further exacerbate investor concerns, leading to decreased participation and a notable drop in delivery volume. Overall, these factors collectively explain the stock's recent downward movement.