Why is JSL Industries falling/rising?

As of 11-Aug, JSL Industries Ltd is experiencing a decline in its stock price, currently at 1,349.50, reflecting a decrease of 4.5 points or 0.33%. The stock has underperformed its sector by 1.58% today and has been on a downward trend for the last five days, with a total return of -9.38% during this period. Additionally, JSL Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The company has also seen a significant drop in investor participation, with delivery volume falling by 73.28% compared to the 5-day average. Furthermore, the company's financial performance has been concerning, with a net sales decline of 9.1% and a substantial drop in profit after tax by 77.82% over the last nine months. The stock is trading at a premium compared to its peers, with a high price-to-book value ratio, which may deter potential investors.
In the broader market context, JSL Industries has significantly underperformed compared to the benchmark, with a one-year return of -45.31% against the BSE500's negative return of -1.85%. This stark contrast highlights the company's struggles relative to the overall market. While the Sensex has shown resilience with a slight decline of only 0.51% over the past week, JSL Industries' performance has been notably worse, indicating a lack of confidence among investors. The company's low debt-to-equity ratio may suggest financial stability, but the poor long-term growth prospects and declining sales and profits have overshadowed this positive aspect, contributing to the stock's downward trajectory.