Why is JTL Industries falling/rising?

As of 30-Jul, JTL Industries Ltd is experiencing a slight decline in its stock price, currently at 73.04, reflecting a change of -0.08 (-0.11%). The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of -7.89% during this period. Additionally, the stock has underperformed its sector by -0.7% today. Over the past year, JTL Industries has generated a return of -31.58%, significantly worse than the benchmark Sensex, which has only seen a marginal increase of +0.03%. The company has also reported negative results for the last four consecutive quarters, with a notable drop in profit before tax and a low return on capital employed, contributing to investor concerns.
In the broader market context, JTL Industries' recent performance contrasts sharply with the benchmark, as it has declined by -9.47% over the past month compared to the Sensex's -2.54%. Despite a high management efficiency indicated by a return on equity of 17.92% and a low debt to EBITDA ratio, the stock's long-term growth prospects appear poor, with net sales growth and operating profit lagging behind expectations. Furthermore, foreign institutional investors have reduced their holdings in the company, now at 2.81%, which may signal a lack of confidence in the stock's future performance. Overall, these factors contribute to the stock's downward trajectory amidst a challenging market environment.