Why is JNK falling/rising?

As of 01-Sep, JNK India Ltd's stock price is currently at Rs 292.00, reflecting a decrease of Rs 4.0 or 1.35%. The stock has underperformed its sector today by 2.47%, having touched an intraday low of Rs 290, which represents a decline of 2.03%. Over the past week, JNK has experienced a return of -4.37%, and its performance over the last month shows a significant drop of -9.46%. The company has reported a very negative trend in its financials, including a fall in net sales by 48.06% and a substantial decline in profits, which has contributed to a poor performance with a year-to-date return of -55.40%. Despite some positive factors such as high management efficiency and low debt levels, the overall negative financial results and declining investor participation have adversely affected the stock's movement.
In the broader market context, JNK's short-term performance has been worse than the benchmark Sensex, which has only declined by 1.56% over the past week. The stock's long-term performance is also concerning, with a return of -60.73% over the past year, indicating a significant underperformance compared to the broader market trends. The high institutional holdings suggest some level of confidence from larger investors, but the overall negative financial indicators and falling investor participation are likely overshadowing these positives, leading to the stock's continued decline.