Why is Jullundur Motor falling/rising?

As of 12-Sep, Jullundur Motor Agency (Delhi) Ltd is currently priced at 89.28, reflecting an increase of 1.39 or 1.58%. Despite this uptick, the stock has shown a negative performance trend, with a 3.09% decline over the past week and a 1.75% drop over the past month. The stock is trading below its moving averages across various time frames, indicating a bearish sentiment. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 18.23% compared to the 5-day average. While the company has a low debt-to-equity ratio and an attractive valuation with a Price to Book Value of 0.8, it has also experienced poor long-term growth, with net sales increasing at an annual rate of only 11.78% over the last five years.
In the broader market context, Jullundur Motor's recent performance has underperformed the Sensex, which has gained 1.51% over the past week. The stock's year-to-date return stands at -7.54%, contrasting sharply with the Sensex's positive 6.21% return. This underperformance is compounded by the company's flat results in recent quarters, including the lowest recorded ROCE and cash equivalents. Overall, while the stock has shown a slight increase today, the longer-term outlook remains concerning due to its consistent underperformance against both the market and its peers.