Why is JNK falling/rising?

As of 17-Sep, JNK India Ltd's stock price is currently at Rs 309.50, reflecting an increase of Rs 2.2 or 0.72%. The stock has shown a positive trend recently, gaining 5.99% over the last four days, and it reached an intraday high of Rs 318.9 today. Despite this short-term gain, the stock has experienced a significant decline of 55.65% over the past year and a 52.73% drop year-to-date. The company has a 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 company reported a drastic fall in net sales by 48.06% and a negative profit before tax, which raises concerns about its financial health.
In the broader market context, JNK India Ltd's recent performance has outpaced the benchmark Sensex, which has only increased by 1.56% over the past week. However, the stock's long-term performance remains concerning, as it has underperformed the benchmark over the past year and three years. The high institutional holdings at 20.31% suggest that knowledgeable investors are involved, but the overall negative financial results and declining sales could overshadow these positives, leading to cautious sentiment among investors.