Why is JTL Industries falling/rising?

As of 06-Aug, JTL Industries Ltd is experiencing a decline in its stock price, currently at Rs 65.70, reflecting a decrease of -1.92 (-2.84%). The stock has been on a downward trend, having lost value for the last nine consecutive days, resulting in a total decline of -17.15% during this period. Today, it opened with a loss of -2.4% and reached an intraday low of Rs 65.29, while the trading volume has significantly decreased, with delivery volume falling by -51.22% compared to the 5-day average. 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 stock has underperformed its sector by -2.29% today, and over the past year, it has seen a substantial decline of -35.75%, contrasting sharply with the Sensex, which has gained 2.48%.
In the broader market context, JTL Industries' short-term performance is notably worse than the benchmark, with a 1-week return of -10.05% compared to the Sensex's -1.15%. This underperformance highlights the stock's struggles relative to the overall market. While the stock has shown strong returns over a longer period, such as +26.65% over three years and an impressive +1034.72% over five years, the recent trends suggest significant challenges ahead. The combination of falling investor participation and consistent price declines indicates a lack of confidence among investors, contributing to the stock's current downward trajectory.