Why is JP Associates falling/rising?

As of 01-Sep, Jaiprakash Associates Ltd is experiencing a decline in its stock price, currently at 3.61, which reflects a decrease of 0.18 or 4.75%. The stock has underperformed its sector by 6.63% today, and it has shown erratic trading patterns, not trading on 4 out of the last 20 days. Over the past week, the stock has fallen by 4.75%, while it has seen a positive return of 12.81% over the last month. However, the company has reported negative results for the last four consecutive quarters, with a significant decline in net sales and a negative net worth, indicating weak long-term fundamental strength. The high debt-to-EBITDA ratio and negative EBITDA further contribute to the stock's risky profile, leading to a lack of confidence among investors, as evidenced by the minimal stake held by domestic mutual funds.
Broader market context shows that while the benchmark Sensex has fallen by 1.56% over the past week, Jaiprakash Associates Ltd's decline is significantly steeper, highlighting its underperformance relative to the broader market. The stock's year-to-date performance is particularly concerning, with a decline of 42.42%, compared to a modest gain of 2.85% for the benchmark. This stark contrast in performance underscores the challenges faced by the company, including its inability to generate profits and the lack of investor confidence, which is reflected in the stock's liquidity and trading volume.