Why is JSL Industries falling/rising?

As of 22-Sep, JSL Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,218.95, reflecting a decrease of Rs 31.05 or 2.48%. The stock has shown erratic trading patterns, having not traded on one day out of the last 20 days, and has been highly volatile today with an intraday volatility of 6.21%. Despite opening with a gain of 6% and reaching a day's high of Rs 1,325, it also touched a low of Rs 1,170, indicating significant price fluctuations. Over the past week, the stock has outperformed the Sensex with a return of +3.13%, but it has underperformed over the last month and year-to-date, with declines of -6.27% and -28.25%, respectively. The company’s financials indicate poor long-term growth, with net sales growing at only 3.22% annually over the last five years and a substantial drop in profits, which has contributed to its current valuation concerns.
In the broader market context, while the BSE500 index has generated negative returns of -3.80% over the past year, JSL Industries has significantly underperformed with a return of -41.05%. This stark contrast highlights the stock's struggles relative to the market. The company's low debt-to-equity ratio of 0.07 times and majority non-institutional shareholders may provide some stability; however, the stock's high valuation compared to peers and declining investor participation, evidenced by a 57.56% drop in delivery volume, suggest a lack of confidence among investors. Overall, the combination of poor financial performance, high volatility, and declining investor interest are key factors contributing to the stock's recent downward movement.