Why is JP Associates falling/rising?

As of 25-Aug, Jaiprakash Associates Ltd is experiencing a decline in its stock price, currently at 3.79, which reflects a decrease of 0.19 or 4.77%. The stock has underperformed its sector today by 4.75%, and it has shown erratic trading patterns, not trading on 4 out of the last 20 days. Although the stock is trading higher than its 20-day and 50-day moving averages, it remains lower than its 5-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 4.77%, while it has increased by 17.70% over the past month. However, the stock's year-to-date performance is significantly negative at -39.55%, and it has fallen by 56.74% over the past year, indicating a troubling trend. The company has a negative book value and a high debt-to-EBITDA ratio of 13.44 times, which raises concerns about its long-term viability. Additionally, the company has reported losses for the last four consecutive quarters, with a negative net worth and a return on capital employed (ROCE) at a low of 0.55%.
In the broader market context, the stock's performance has been notably worse than the benchmark, as the Sensex has shown a slight increase of 0.45% over the past week. Despite the overall market generating negative returns of -2.11% in the last year, Jaiprakash Associates Ltd's stock has significantly underperformed with a return of -56.74%. The lack of confidence from domestic mutual funds, which hold only 0.03% of the company, suggests that institutional investors are wary of the stock's current valuation and business prospects. The combination of negative financial results, high debt levels, and poor investor sentiment contributes to the stock's downward trajectory.