Why is JTEKT India falling/rising?

As of 29-Jul, JTEKT India Ltd's stock price is currently at Rs 130.75, reflecting an increase of Rs 4.55 or 3.61%. The stock has shown a trend reversal by gaining after two consecutive days of decline, and it outperformed its sector by 2.13%. Despite this positive movement today, the stock has experienced a significant decline over the past year, with a return of -37.74%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. The company has a low Debt to Equity ratio and an attractive valuation with a Price to Book Value of 4.8, but its profits have fallen by -23.8% over the past year, contributing to the stock's overall poor performance.
In the broader market context, JTEKT India's short-term performance has been notably worse than the benchmark, with a 1-week return of -8.79% compared to the Sensex's -1.03%. While institutional investors have increased their stake by 1.4%, indicating some confidence in the company's fundamentals, the stock's long-term underperformance relative to the market raises concerns. The recent negative financial results, including a significant drop in profit before tax and profit after tax, further exacerbate the stock's challenges, leading to a cautious outlook among investors.