Why is JMD Ventures falling/rising?

As of 19-Sep, JMD Ventures Ltd is experiencing a slight increase in its stock price, currently at Rs 5.78, reflecting a change of 0.03 or 0.52% upward. Despite this minor uptick, the stock has been underperforming in the longer term, with a year-to-date decline of 55.44% and a one-year drop of 70.63%. Today's performance shows that the stock is trading lower than its moving averages across various time frames, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 3.11% away from Rs 5.6. The delivery volume has also decreased significantly, falling by 16.75% against the 5-day average, which suggests a decline in investor participation.
In the broader market context, JMD Ventures' short-term return of +0.35% over the past week is notably lower than the benchmark Sensex, which has increased by 0.88% in the same period. This underperformance is indicative of the stock's struggles relative to the overall market. Furthermore, while the stock has outperformed its sector by 2.07% today, the overall trend remains concerning given its substantial losses over the past months and years. The lack of positive factors in the dashboard further emphasizes the challenges faced by JMD Ventures, contributing to a cautious outlook among investors.