Why is JITF Infra Logis falling/rising?

As of 26-Aug, JITF Infra Logistics Ltd is experiencing a decline in its stock price, currently at Rs. 281.30, which reflects a decrease of Rs. 7.45 or 2.58%. The stock has hit a new 52-week low of Rs. 277.25 today and has been on a downward trend, losing 3.99% over the last two days. Over the past week, the stock has underperformed significantly, with a return of -6.08%, and it has seen a substantial decline of 19.73% over the past month. The company is facing challenges, including a negative book value and a weak long-term fundamental strength, as evidenced by a 215.5% drop in PAT for the latest quarter. Additionally, the stock's performance has been poor over the past year, with a staggering decline of 74.86%, indicating a lack of investor confidence.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has only declined by 1.05% over the past week and 0.83% over the past month. This stark difference highlights the stock's underperformance relative to the market. The logistics sector as a whole has also seen a decline of 2.83%, which may contribute to the stock's downward movement. Furthermore, the low participation from domestic mutual funds, holding only 0.02% of the company, suggests a lack of confidence in the stock's valuation and future prospects. Overall, the combination of poor financial performance, negative investor sentiment, and sector-wide challenges is driving the stock's decline.