Why is JNK falling/rising?

As of 09-Jun, JNK India Ltd's stock price is currently at Rs 362.70, reflecting an increase of Rs 18.2 or 5.28%. The stock has shown a strong performance today, outperforming its sector by 4.63% and reaching an intraday high of Rs 363. Despite this positive movement, the stock has a concerning year-to-date return of -44.60% and a one-year return of -43.12%, indicating significant underperformance compared to the market. Key factors influencing the stock include high management efficiency with a return on capital employed (ROCE) of 27.33% and a low debt-to-equity ratio of 0.09, which are positive indicators. However, the company has reported flat results for the last six months, with a substantial decline in profit after tax (PAT) and a very expensive valuation reflected in its price-to-book ratio.
In the broader market context, JNK India Ltd's short-term return of +7.47% over the past week significantly outpaces the Sensex's return of +1.32%. However, the stock's long-term performance remains troubling, as it has underperformed the market over the past year, where the BSE 500 index generated returns of 6.38%. The stock's technical indicators are also mildly bearish, suggesting a deteriorating trend, which could be contributing to investor caution despite today's positive price movement. Overall, while there are some positive factors supporting the stock's rise today, the long-term underperformance and recent financial results may continue to weigh on investor sentiment.