Why is Josts Engg. Co. falling/rising?

As of 24-Sep, Josts Engineering Company Ltd's stock price is currently at Rs 349.90, reflecting an increase of Rs 14.25 or 4.25%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and it outperformed its sector by 4.71% today. The stock touched an intraday high of Rs 357, indicating a strong performance relative to its recent lows. However, over the past year, the stock has underperformed significantly, with a return of -32.81%, despite a rise in profits by 18.7%. The company's high management efficiency, indicated by a return on equity (ROE) of 18.43%, and a low debt to EBITDA ratio of 0.50 times suggest a strong ability to service debt, which may contribute positively to investor sentiment.
Broader Market Context: In the short term, Josts Engineering's stock has declined by 3.68% over the past week, while the benchmark Sensex has only fallen by 1.18%. This indicates that the stock has been underperforming relative to the broader market recently. Despite the stock's recent gains, its year-to-date performance remains poor at -35.80%, contrasting sharply with the Sensex's positive return of 4.58% over the same period. The stock's liquidity appears sufficient for trading, but the significant drop in net sales and negative quarterly results from June 25 raise concerns about its long-term viability, overshadowing the positive factors that may have contributed to today's price increase.