Why is JTL Industries falling/rising?

As of 12-Aug, JTL Industries Ltd is experiencing a decline in its stock price, currently at Rs 67.80, reflecting a decrease of Rs 1.34 or 1.94%. The stock has underperformed its sector by 2.27% today and has been on a downward trend, falling for the last two consecutive days with a total decline of 3.49%. Additionally, the stock is trading below all its moving averages, indicating a bearish sentiment. Over the past year, JTL Industries has generated a return of -37.09%, significantly underperforming the market, which saw a decline of only -2.11%. The company's financial health is concerning, as it has reported negative results for the last four consecutive quarters, with a notable drop in profit before tax and a low return on capital employed.
In the broader market context, JTL Industries' recent performance contrasts sharply with the benchmark Sensex, which has shown a slight decline of 0.59% over the past week. Despite a modest increase of 0.27% in the stock's performance over the last week, the longer-term outlook remains bleak, with a year-to-date decline of 29.15%. The decrease in foreign institutional investors' holdings, now at 2.81%, further reflects a lack of confidence in the stock. The company's poor long-term growth metrics, including low sales growth and operating profit, coupled with a high debt-to-EBITDA ratio, contribute to the negative sentiment surrounding JTL Industries, leading to its current price decline.