Why is JSL Industries falling/rising?

As of 02-Sep, JSL Industries Ltd is currently priced at 1,326.00, with no change in price, reflecting a 0.00% movement. The stock has underperformed its sector today by 0.28%, and while it is higher than its 5-day moving average, it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a positive return of 3.59%, contrasting with a negative return of 10.10% over the past month. Despite a significant rise in delivery volume by 202.52% against the 5-day average, the company faces challenges, including a low return on equity of 6.1 and a high price-to-book value of 3.4, indicating an expensive valuation relative to its peers. Additionally, the company has reported poor long-term growth, with net sales growing at an annual rate of only 3.22% and a substantial decline in profits over the past year.
In the broader market context, JSL Industries has significantly underperformed compared to the benchmark, with a one-year return of -43.54% against the BSE500's -4.82%. This stark contrast highlights the stock's struggles, particularly given its flat results in June, where net sales and profits reached their lowest points. The company's financial metrics, including a substantial decline in profit after tax and net sales, contribute to a negative sentiment among investors, further exacerbated by the stock's premium valuation. Overall, while there are signs of increased investor participation, the underlying financial performance and valuation concerns suggest that the stock's price is unlikely to rise significantly in the near term.