Why is JNK falling/rising?

As of 18-Sep, JNK India Ltd's stock price is currently at 300.35, reflecting a decrease of 9.15, or 2.96%. The stock has underperformed its sector by 3.19% today, following a trend reversal after four consecutive days of gains. It reached an intraday low of Rs 300, indicating a downward movement. Over the past week, the stock has shown a positive return of 2.86%, but it has significantly underperformed over the longer term, with a year-to-date decline of 54.12% and a one-year return of -56.15%. The company's recent financial performance has been concerning, with a notable fall in net sales and profits, which has contributed to its negative valuation metrics, including a high price-to-book ratio of 3.3. Despite some positive factors such as high management efficiency and low debt levels, the overall negative results have overshadowed these strengths.
In the broader market context, the stock's short-term performance of +2.86% over the past week contrasts with the Sensex's gain of 1.80%, indicating that while it has outperformed the benchmark recently, its long-term performance remains significantly below par. The stock's year-to-date decline of 54.12% starkly contrasts with the Sensex's positive return of 6.24%, highlighting the challenges JNK India Ltd faces in the current market environment. The combination of poor financial results, high valuation concerns, and underperformance relative to both the sector and the broader market has led to a negative sentiment surrounding the stock, contributing to its current decline.