Why is JNK falling/rising?

As of 11-Sep, JNK India Ltd's stock price is currently at 292.00, reflecting a decrease of 2.25, or 0.76%. The stock has been experiencing a downward trend, having fallen for the last two days with a total return decline of 1.02% during this period. Additionally, JNK is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite a high management efficiency with a return on capital employed (ROCE) of 27.33% and a low debt-to-equity ratio of 0.09, the company reported a significant drop in net sales by 48.06% and a negative profit before tax, which has contributed to the stock's poor performance. Over the past year, JNK has generated a return of -58.87%, while its profits have decreased by 51%, further exacerbating investor concerns.
In the broader market context, JNK's short-term performance has lagged behind the benchmark, with a 1-week return of +0.76% compared to the Sensex's +1.03%. This underperformance is indicative of the stock's struggles, particularly given its substantial decline year-to-date of -55.40% against the Sensex's positive return of 4.36%. The rising investor participation, as evidenced by an increase in delivery volume, suggests some interest in the stock; however, the overall negative financial results and the stock's consistent underperformance relative to the market indicate a challenging environment for JNK India Ltd.