Why is JNK falling/rising?

As of 11-Jul, JNK India Ltd is experiencing a decline in its stock price, currently at Rs 315.10, which represents a decrease of Rs 7.5 or 2.32%. The stock has been underperforming significantly, having fallen for the last six consecutive days, resulting in a total drop of 7.69% during this period. Additionally, the stock's performance over the past week shows a decline of 5.87%, and it has underperformed the benchmark Sensex, which only decreased by 1.12%. The stock is trading below all its moving averages, indicating a bearish trend, and there has been a notable drop in investor participation, with delivery volume falling by 19.49% compared to the five-day average. While the company boasts a high return on capital employed (ROCE) of 27.33% and healthy long-term growth in net sales, it is facing challenges such as a significant drop in profit after tax (PAT) and an expensive valuation reflected by a price-to-book ratio of 3.5.
In the broader market context, JNK India Ltd's short-term performance has been notably worse than the benchmark, with a one-month return of -16.52% compared to a negligible change in the Sensex of -0.02%. This stark contrast highlights the stock's struggles relative to the overall market. Furthermore, the company's flat results and declining profits have contributed to a negative sentiment among investors, leading to its underperformance not only in the short term but also over the past year, where it has generated a return of -60.31%. Overall, the combination of poor recent performance, declining investor interest, and unfavorable financial metrics has led to the stock's downward trajectory.