Why is JNK falling/rising?

As of 24-Sep, JNK India Ltd's stock price is currently at Rs 290.00, reflecting a decline of Rs 8.00 or 2.68%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 3.12%. It has also underperformed its sector by 1.39% today. Over the past week, the stock has decreased by 6.30%, and year-to-date, it has plummeted by 55.70%. The company's recent financial performance has been concerning, with a significant drop in net sales by 48.06% and a drastic fall in profit before tax and profit after tax, indicating very negative results. Despite having a high return on capital employed and low debt-to-equity ratio, these positive factors are overshadowed by the company's poor recent earnings and valuation concerns, as reflected in its price-to-book ratio of 3.2.
In the broader market context, JNK's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 1.18% over the same week. This stark contrast highlights the stock's significant underperformance relative to the market. The falling investor participation, as evidenced by a 64.06% drop in delivery volume compared to the five-day average, further suggests a lack of confidence among investors. Overall, the combination of negative financial results, poor recent performance, and declining investor interest contributes to the stock's downward trajectory in a market that is not experiencing severe declines.