Why is JNK falling/rising?

As of 02-Jul, JNK India Ltd's stock price is currently at Rs 339.00, reflecting a decrease of Rs 7.0 or 2.02%. The stock has been underperforming, having lost 4.83% over the last four days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock's performance today has underperformed its sector by 2.15%. Over the past year, JNK has generated a return of -58.82%, significantly lagging behind the benchmark Sensex, which has increased by 5.00%. The company's recent financial results have shown a decline in profit after tax, and while it has high management efficiency and a healthy growth rate in net sales, these positives are overshadowed by the substantial drop in profits and the stock's expensive valuation.
In the broader market context, JNK's short-term return of -3.95% over the past week contrasts sharply with the Sensex's gain of 0.79%, indicating a significant underperformance relative to the market. This trend is compounded by a notable decrease in investor participation, with delivery volume falling by 28.79% against the 5-day average. The stock's liquidity remains adequate for trading, but the overall sentiment appears negative due to its flat results and declining profitability. Consequently, despite some positive factors such as high institutional holdings and management efficiency, the stock's recent performance and broader market dynamics suggest a challenging environment for JNK India Ltd.