Why is JNK falling/rising?

As of 12-Sep, JNK India Ltd's stock price is currently at Rs 296.35, reflecting an increase of Rs 4.35 or 1.49%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and it outperformed its sector by 0.58% today. Despite this positive movement, the stock has underperformed over the past month with a decline of 2.55% and a significant year-to-date drop of 54.73%. The company's high management efficiency, indicated by a return on capital employed (ROCE) of 27.33%, and low debt-to-equity ratio of 0.09 times suggest a solid financial foundation. However, the recent negative results, including a 48.06% fall in net sales and a 67.49% decline in profit after tax, raise concerns about its profitability and valuation, which is deemed expensive with a price-to-book ratio of 3.3.
In the broader market context, JNK's short-term performance of +1.02% over the past week is slightly below the benchmark Sensex, which has increased by 1.48% in the same period. The stock's long-term performance remains troubling, with a staggering 57.96% decline over the past year, contrasting sharply with the Sensex's marginal drop of 1.28%. This underperformance, coupled with falling investor participation and a significant drop in net sales, suggests that while there may be short-term gains, the overall outlook for JNK India Ltd remains cautious amidst broader market trends.