Why is JSL Industries falling/rising?

As of 23-Jul, JSL Industries Ltd is currently priced at 1,384.95, with a slight increase of 0.05, representing a 0.00% change. 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 50.64% compared to the 5-day average. Over the past year, the stock has underperformed the market, generating a return of -28.49% while the benchmark, BSE500, has returned 1.79%. The company has also reported poor long-term growth, with net sales growing at an annual rate of only 1.78% and a negative PAT in the latest quarter, contributing to its weak performance.
In the broader market context, while the Sensex has shown a slight increase of 0.11% over the past week, JSL Industries has declined by 1.78%, highlighting its underperformance relative to the benchmark. This trend is further exacerbated by the company's high valuation metrics, such as a Price to Book Value of 3.5, which is considered expensive compared to its peers. The majority of shareholders being non-institutional may also indicate a lack of confidence in the stock, contributing to its recent price stagnation. Overall, the combination of poor financial performance, declining investor interest, and high valuation relative to peers has led to the stock's recent struggles.