Why is JITF Infra Logis falling/rising?

As of 22-Aug, JITF Infra Logistics Ltd's stock price is currently at Rs. 293.00, reflecting an increase of 1.25 (0.43%). The stock has shown a trend reversal today, gaining after three consecutive days of decline, and opened with a gap up of 2.4%. Despite this positive movement, the stock has underperformed significantly over the past month, with a return of -17.86%, and has hit a new 52-week low of Rs. 287.9 today. The company's long-term fundamentals are weak, characterized by a negative book value and high debt levels, which contribute to its risky profile. Additionally, domestic mutual funds hold a minimal stake in the company, indicating a lack of confidence in its valuation.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.88% over the past week, JITF Infra Logistics Ltd has seen a slight decline of -0.31%. This underperformance is further highlighted by the stock's year-to-date return of -57.60%, contrasting sharply with the Sensex's positive return of 4.05%. The broader market context suggests that while the stock has experienced a minor uptick today, it remains significantly behind the market averages, reflecting ongoing concerns about its financial health and investor sentiment.