Why is JTL Industries falling/rising?

As of 06-Nov, JTL Industries Ltd is experiencing a decline in its stock price, currently at Rs 60.06, which represents a decrease of Rs 4.6 or 7.11%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 9.43%. It is also close to its 52-week low, just 0.6% away from Rs 59.7. The stock's performance over the past week shows a significant decline of 11.66%, while its year-to-date return is down by 37.24%. The company has reported negative results for the last four consecutive quarters, with a notable decrease in profit before tax and a low return on capital employed, contributing to the stock's poor performance. Additionally, institutional investor participation has decreased, indicating a lack of confidence in the stock's future prospects.
In the broader market context, JTL Industries has significantly underperformed compared to the Sensex, which has seen a modest increase of 1.86% over the past month. While the stock has shown a remarkable increase of 890.27% over the last five years, its recent performance has been concerning, with a 42.25% decline over the past year. This stark contrast highlights the challenges the company faces in terms of growth and profitability, which are further exacerbated by falling investor participation and high volatility in trading. Overall, the combination of negative financial results, declining institutional interest, and poor short-term returns relative to the benchmark has led to the current downward trend in JTL Industries' stock price.