Why is Jubilant Food falling/rising?

As of 28-Jul, Jubilant Foodworks Ltd's stock price is currently at 646.95, reflecting a decrease of 3.05 points or 0.47%. The stock has been experiencing a consecutive decline for the last eight days, resulting in a total drop of 6.89% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also seen a significant reduction in investor participation, with delivery volume falling by 45.96% compared to the 5-day average. Over the past year, while the stock generated an 11.30% return, its profits have decreased by 7.1%, suggesting that despite a favorable historical performance, current fundamentals may be weighing on investor sentiment.
In the broader market context, the stock's recent performance has been notably worse than the benchmark, with a 1-week return of -4.62% compared to the Sensex's decline of only 1.59%. This underperformance is further highlighted by the stock's year-to-date return of -9.78%, contrasting sharply with the Sensex's positive return of 3.52%. Despite being the second-largest company in its sector and trading at a discount relative to its peers, the overall negative sentiment and declining profits are contributing to the stock's downward movement. The broader market has also faced challenges, as evidenced by the BSE500's negative returns of -2.52% over the past year, which may be influencing investor behavior towards Jubilant Foodworks Ltd.