Why is JNK falling/rising?

As of 03-Sep, JNK India Ltd is currently priced at 294.95, reflecting an increase of 3.95 or 1.36%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline, outperforming its sector by 1.06%. However, despite this uptick, the stock has shown a significant decline over the past month with a return of -8.54% and a year-to-date return of -54.95%. The company has 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 recent negative financial results, including a -48.06% drop in net sales and a -67.49% decline in profit after tax, have overshadowed these strengths, contributing to the stock's overall poor performance.
In the broader market context, JNK India Ltd has underperformed the benchmark Sensex, which has shown a slight gain of 3.11% year-to-date. The stock's short-term performance of +0.32% over the past week contrasts with the Sensex's decline of -0.27%, indicating some relative strength in the very short term. However, the long-term outlook remains bleak, with the stock generating a return of -59.98% over the past year, significantly lagging behind the broader market. The falling investor participation, as evidenced by a -44.33% drop in delivery volume, further suggests a lack of confidence among investors, which may continue to weigh on the stock's price movements.