Why is Josts Engg. Co. falling/rising?

As of 03-Sep, Josts Engineering Company Ltd is experiencing a decline in its stock price, currently at Rs 322.80, which reflects a decrease of Rs 17.2 or 5.06%. Today's price summary indicates that the stock has underperformed its sector by 4.88% and has fallen after two consecutive days of gains. The stock reached an intraday high of Rs 356.9 but also fell to a low of Rs 317, showcasing high volatility with a wide trading range of Rs 39.9. Over the past month, the stock has seen a significant decline of 30.76%, and its year-to-date performance shows a drop of 43.92%. Despite a high return on equity (ROE) of 18.43% and a low debt-to-EBITDA ratio of 0.50, the company reported very negative results with a fall in net sales of 18.04% and has faced seven consecutive quarters of negative performance, contributing to the stock's downward trend.
In the broader market context, Josts Engineering Company has underperformed compared to the benchmark, with a one-year return of -45.76% against the BSE500's negative return of -4.38%. This stark contrast highlights the stock's struggles relative to the market. While the stock has shown some positive management efficiency and valuation metrics, the significant drop in sales and profits has overshadowed these strengths, leading to a lack of investor confidence and contributing to the stock's decline.