Why is Josts Engg. Co. falling/rising?

As of 15-Sep, Josts Engineering Company Ltd is experiencing a decline in its stock price, currently at Rs 336.00, which reflects a decrease of Rs 5.65 or 1.65%. The stock has underperformed its sector by 2.33% today, with an intraday high of Rs 352 and a low of Rs 331. Over the past week, the stock has shown a positive return of 5.69%, but it has significantly underperformed over the past month and year, with returns of -19.68% and -40.73%, respectively. The company has faced challenges, including a substantial fall in net sales and negative quarterly results after several consecutive quarters of decline. Despite a high return on equity and strong debt servicing ability, the recent negative performance and falling investor participation, with a 67.53% drop in delivery volume, have contributed to the stock's downward movement.
In the broader market context, Josts Engineering's performance has been notably worse than the benchmark, with the Sensex showing a modest gain of 1.24% over the past week and a 1.47% increase over the past month. The stock's year-to-date decline of 38.35% starkly contrasts with the Sensex's positive return of 4.67% during the same period. This significant underperformance highlights the company's struggles in the market, particularly in light of its recent financial results, which have not only shown a decline in net sales but also a drastic drop in profit after tax. The overall market conditions have not favored Josts Engineering, leading to a continued decline in its stock price.