Why is JTEKT India falling/rising?

As of 11-Aug, JTEKT India Ltd is currently priced at 127.15, reflecting a decrease of 0.95, or 0.74%. The stock has recently underperformed its sector by 1.13% and has experienced a trend reversal, falling after three consecutive days of gains. Its performance over the past week shows a modest increase of 0.95%, but it has significantly underperformed over the past month and year, with returns of -11.52% and -29.54%, respectively. Additionally, the stock's delivery volume has decreased by 36.83% compared to the five-day average, indicating falling investor participation. While the company maintains a low debt-to-equity ratio and has attracted increased institutional investment, its profits have declined by 23.8% over the past year, contributing to the negative sentiment surrounding the stock.
In the broader market context, JTEKT India has underperformed compared to the Sensex, which has shown a slight decline of 0.51% over the past week. The stock's year-to-date performance is particularly concerning, with a drop of 21.15% against the Sensex's gain of 3.15%. Despite the positive factors such as attractive valuations and increased institutional interest, the significant decline in profits and overall underperformance relative to the market have led to a bearish outlook for the stock.