Why is JTL Industries falling/rising?

As of 20-Jun, JTL Industries Ltd's stock price is currently at 75.39, reflecting a decrease of 0.25, or 0.33%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 5.3% during this period. In terms of returns, the stock has experienced a significant drop of 31.67% over the past year, while its performance over the last month shows a modest increase of 6.56%. Despite a high management efficiency indicated by a return on equity (ROE) of 17.92% and a low debt to EBITDA ratio of 0.39, the stock has faced negative sentiment due to three consecutive quarters of poor financial results, including a 43% decline in profit after tax. Additionally, while institutional investors have increased their stake, the overall investor participation has decreased, as evidenced by a 25.43% drop in delivery volume compared to the five-day average.
In the broader market context, JTL Industries' recent performance contrasts sharply with the Sensex, which has gained 1.59% over the past week. The stock's underperformance relative to the benchmark is evident, particularly given its 3.72% decline over the past week compared to the positive movement of the Sensex. This disparity highlights the challenges JTL Industries faces in regaining investor confidence amidst a backdrop of declining profits and negative quarterly results, despite some positive indicators such as institutional investment and a fair valuation compared to peers.