Why is JITF Infra Logis falling/rising?

As of 23-Sep, JITF Infra Logistics Ltd is experiencing a decline in its stock price, currently at Rs 361.00, reflecting a decrease of 3.5 points or 0.96%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 7.53% during this period. Additionally, it opened with a loss of 2.51% today and reached an intraday low of Rs 351. The stock's performance over the past week shows a decline of 3.33%, while it has seen a significant drop of 60.04% over the past year. The company's negative book value and high debt levels contribute to its weak long-term fundamentals, with net sales growth stagnating and profits plummeting by 2293.8% over the past year.
In the broader market context, JITF Infra Logistics has underperformed compared to the Sensex, which has only declined by 0.34% over the past week. The stock's poor performance is further highlighted by its low investor participation, with delivery volume dropping by 91.46% against the five-day average. Despite a notable increase of 5201.03% over the last five years, the current sentiment is heavily influenced by the company's financial struggles, including a negative profit after tax and reliance on non-operating income. The minimal stake held by domestic mutual funds suggests a lack of confidence in the company's valuation, reinforcing the perception of risk associated with the stock.