Why is JNK falling/rising?

As of 08-Jul, JNK India Ltd's stock price is currently at Rs 326.00, reflecting a decrease of -1.15 (-0.35%). The stock has been on a downward trend, losing -4.5% over the last three days and showing a significant decline of -60.90% over the past year. Despite opening with a gain of 4.54% today and reaching an intraday high of Rs 342, the stock is trading below all its moving averages, indicating a bearish sentiment. The company's performance has been impacted by a flat result in March 2025, with a significant drop in profit after tax and a high price-to-book value ratio, suggesting an expensive valuation. Although the company has a high return on capital employed and healthy long-term growth in net sales, these positive factors are overshadowed by the recent poor financial performance and substantial losses.
In the broader market context, JNK India Ltd's short-term performance has been notably worse than the benchmark, with a -5.78% return over the past week compared to a slight increase of +0.02% in the Sensex. This underperformance is consistent with its year-to-date decline of -50.21%, while the Sensex has gained +7.13% in the same period. The stock's liquidity appears sufficient for trading, with a notable increase in delivery volume, but the overall market sentiment remains cautious due to the company's recent financial struggles and negative returns compared to broader market indices.