Why is JTL Industries falling/rising?

As of 29-Aug, JTL Industries Ltd is experiencing a decline in its stock price, currently at Rs 71.40, which reflects a decrease of Rs 1.43 or 1.96%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total return of -6.05% over the past week. Today, it opened with a significant loss of 3.54% and reached an intraday low of Rs 70.25. Additionally, the stock's delivery volume has decreased sharply, falling by 79.03% compared to the five-day average, indicating a drop in investor participation. Despite some positive factors such as high management efficiency and a low Debt to EBITDA ratio, the stock has generated a substantial negative return of -38.99% over the past year, with profits declining by 28.7%.
In the broader market context, JTL Industries has underperformed relative to the benchmark, with the Sensex showing a smaller decline of 1.84% over the past week. The stock's year-to-date performance is notably poor, down 25.39%, while the Sensex has gained 2.14% in the same period. This stark contrast highlights the challenges faced by JTL Industries, particularly as foreign institutional investors have reduced their holdings to 2.81%, reflecting a lack of confidence in the company's growth prospects. Overall, the combination of declining sales, negative quarterly results, and reduced investor interest contributes to the stock's downward trajectory.