Why is JTEKT India falling/rising?

As of 28-Aug, JTEKT India Ltd's stock price is currently at Rs 134.10, reflecting an increase of Rs 2.8 or 2.13%. Today, the stock opened with a gain of 2.86% and reached an intraday high of Rs 147.9, which is a notable increase of 12.64%. Despite this positive movement, the stock has shown a year-to-date decline of 16.84% and a one-year decline of 21.97%, indicating a challenging performance over a longer period. The company has a low debt-to-equity ratio of 0.03, and its operating profit has grown at an impressive annual rate of 42.67%. However, it has also faced negative results in the last three consecutive quarters, with significant declines in profit before tax and profit after tax, which may weigh on investor sentiment.
In the broader market context, JTEKT India has outperformed the Sensex in the short term, with a one-week return of 2.37% compared to the Sensex's decline of 2.34%. This suggests that while the stock is experiencing some upward movement, it is still underperforming relative to the broader market over longer periods. Additionally, there has been increasing participation from institutional investors, who have raised their stake by 1.4% in the last quarter, indicating a potential vote of confidence in the company's fundamentals. However, the stock's recent price movements may be tempered by its overall underperformance in the long term and the recent negative financial results, which could lead to cautious sentiment among retail investors.