Why is JTL Industries falling/rising?

As of 17-Nov, JTL Industries Ltd is experiencing a rise in its stock price, currently at Rs 64.80, reflecting an increase of 3.78 (6.19%). The stock has been gaining for the last four days, with a total return of 9.46% during this period. It opened with a gain of 3.08% today and reached an intraday high of Rs 64.80. However, despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 32.29% and a one-year return of -34.05%. The company has shown high management efficiency with a return on equity (ROE) of 17.73% and a low debt-to-EBITDA ratio of 0.62, indicating a strong ability to service debt. Nonetheless, the stock has faced challenges, including negative results for the last five consecutive quarters and a significant drop in institutional investor participation.
In the broader market context, JTL Industries has outperformed the sector by 6.16% today, while the benchmark Sensex has gained 1.69% over the past week. Despite this short-term outperformance, the stock's long-term performance remains concerning, with a three-year return of -12.58% compared to the Sensex's 37.57%. The company's declining net sales growth and operating profit over the past five years, coupled with a decrease in institutional investor stakes, suggest a lack of confidence in its long-term prospects. Overall, while the stock is currently rising, the underlying fundamentals and market sentiment indicate significant challenges ahead.