Why is JITF Infra Logis falling/rising?

As of 26-Sep, JITF Infra Logistics Ltd is experiencing a decline in its stock price, currently at Rs 341.70, reflecting a decrease of Rs 12.55 or 3.54%. The stock has underperformed its sector by 1.72% today and has been on a consecutive downward trend for the last two days, with a total drop of 5.57% during this period. It has also touched an intraday low of Rs 338, indicating significant selling pressure. The stock is trading below its moving averages across various time frames, and investor participation has decreased sharply, with delivery volume falling by 76.73% compared to the five-day average. The company’s negative book value and high debt levels contribute to a weak long-term fundamental strength, further exacerbated by poor financial performance, including a substantial drop in profit after tax.
In the broader market context, JITF Infra Logistics has underperformed significantly compared to the benchmark, with a one-year return of -61.61% against the BSE500's -7.63%. This stark contrast highlights the stock's struggles relative to the market. The company's weak fundamentals, including stagnant net sales growth and a high debt-to-equity ratio, have led to a lack of confidence among investors, as evidenced by the minimal stake held by domestic mutual funds. Overall, the combination of negative financial indicators and poor market performance has resulted in a continued decline in the stock's value.