Why is Josts Engg. Co. falling/rising?

As of 28-Jul, Josts Engineering Company Ltd is experiencing a decline in its stock price, currently at Rs 486.95, which reflects a decrease of Rs 6.2 or 1.26%. The stock has been on a downward trend, losing value for the last four consecutive days and showing a total decline of 3.48% during this period. Today's trading saw the stock reach an intraday low of Rs 481.6. Although the stock is trading above its 100-day moving average, it remains below its 5-day, 20-day, 50-day, and 200-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 23.18% compared to the 5-day average. Despite these challenges, the company has demonstrated strong financial performance, with a high return on equity (ROE) of 18.43%, a low debt to EBITDA ratio of 0.50, and consistent positive results over the last seven quarters, including a significant profit growth of 41.41% in the latest six months.
In the broader market context, Josts Engineering's short-term performance has been weaker than the benchmark, with a 1-week return of -2.99% compared to the Sensex's decline of 1.59%. Over the past month, the stock has also underperformed, with a decline of 3.00% against a 3.77% drop in the benchmark. While the stock has generated a positive return of 5.72% over the past year, it has lagged significantly year-to-date with a decline of 15.40%, contrasting sharply with the Sensex's gain of 3.52%. The recent increase in promoter confidence, with a 1.06% rise in their stake, indicates a belief in the company's future prospects, but this has not yet translated into improved stock performance amidst the current market conditions.