Why is JSL Industries falling/rising?

As of 16-Jul, JSL Industries Ltd is currently priced at 1,410.00, with no change in price, reflecting a 0.00% movement. The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Additionally, there has been a significant decline in investor participation, with delivery volume falling by 53.1% against the 5-day average. Over the past week, the stock has decreased by 2.68%, and it has underperformed the market significantly over the past year, with a return of -31.48% compared to the Sensex's 2.38%. The company's low debt-to-equity ratio and majority non-institutional shareholders do not seem to offset the negative sentiment surrounding its poor long-term growth, as evidenced by a low annual growth rate in net sales and operating profit.
In the broader market context, JSL Industries has underperformed relative to the benchmark, with a notable decline in its stock price over the last year while the BSE500 has generated a return of 0.47%. The company's recent negative financial results, including a significant drop in PAT and EPS, coupled with an expensive valuation indicated by a high price-to-book ratio, contribute to the overall bearish outlook. The stock's performance today aligns with the sector, but the persistent negative trends in both short-term and long-term returns suggest ongoing challenges for JSL Industries in regaining investor confidence.