Why is Josts Engg. Co. falling/rising?

As of 29-Aug, Josts Engineering Company Ltd is experiencing a decline in its stock price, currently at Rs. 311.00, which represents a decrease of Rs. 8.5 or 2.66%. The stock has hit a new 52-week low of Rs. 305 today and has underperformed its sector by 2.82%. Over the past week, the stock has fallen by 8.74%, and its year-to-date return is down by 45.97%. The company has reported a significant drop in net sales of 18.04% and has declared very negative results, including a 92.9% fall in PAT compared to the previous four-quarter average. Despite having a high return on equity and a strong ability to service debt, the stock's performance has been adversely affected by consecutive negative quarters and a substantial decline in sales.
In the broader market context, Josts Engineering Company Ltd has underperformed significantly compared to the benchmark, with a one-year return of -49.38% against the BSE500's -5.40%. The stock's recent performance has been characterized by falling investor participation, with a notable decrease in delivery volume. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. While the company has a strong management efficiency and attractive valuation compared to peers, the persistent negative financial results and declining sales have overshadowed these positives, contributing to the stock's downward trajectory.