Why is JTL Industries falling/rising?

As of 05-Aug, JTL Industries Ltd is experiencing a decline in its stock price, currently at Rs 67.75, which reflects a decrease of Rs 2.31 or 3.3%. The stock has been underperforming significantly, having fallen for the last eight consecutive days, resulting in a total decline of 14.56% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased by 27.09% compared to the 5-day average, suggesting a drop in investor participation. Over the past year, JTL Industries has seen a substantial decline of 32.25%, contrasting sharply with the Sensex, which has gained 2.48%.
In the broader market context, JTL Industries' short-term performance has been notably poor compared to the Sensex, which has only declined by 0.77% over the past week. This stark difference highlights the stock's struggles relative to the overall market. The company's year-to-date performance is particularly concerning, with a decline of 29.21%, while the benchmark has increased by 3.29%. This underperformance may be contributing to a lack of investor confidence, further exacerbating the stock's downward trajectory.