Why is JITF Infra Logis falling/rising?

As of 25-Aug, JITF Infra Logistics Ltd is experiencing a decline in its stock price, currently at Rs 288.75, reflecting a decrease of Rs 4.25 or 1.45%. The stock has underperformed its sector by 0.95% today, despite opening with a 2% gain and reaching an intraday high of Rs 305. However, it is trading close to its 52-week low, just 0.29% away from Rs 287.9. Over the past week, the stock has fallen by 4.05%, and its year-to-date performance shows a significant decline of 58.21%. The company is facing challenges, including a negative book value and high debt levels, which contribute to its weak long-term fundamentals. Additionally, the stock's performance has been poor, with a staggering 75.26% drop over the past year, while its profits have plummeted by 2293.8%.
In the broader market context, the Sensex has shown a slight gain of 0.45% over the past week, contrasting sharply with JITF Infra Logistics' negative performance. The stock's significant underperformance relative to the market, especially with a return of -75.26% compared to the BSE500's -2.11% over the last year, indicates a lack of investor confidence. The low participation from domestic mutual funds, holding only 0.02% of the company, further suggests that institutional investors are wary of the stock's valuation and business prospects. Overall, the combination of poor financial results, high debt, and negative investor sentiment is driving the stock's decline.