Why is Jupiter Wagons falling/rising?

As of 31-Jul, Jupiter Wagons Ltd is experiencing a decline in its stock price, currently at Rs 341.85, which reflects a decrease of Rs 7.55 or 2.16%. The stock has been underperforming, having fallen consecutively for the last two days with a total return of -2.34% during this period. It opened the day with a loss of 2.95% and reached an intraday low of Rs 338.75. Over the past week, the stock has decreased by 4.92%, and in the last month, it has dropped by 11.85%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. While the company has a low debt-to-equity ratio and has shown healthy long-term growth in net sales and operating profit, it has also faced challenges such as flat results and a high price-to-book value, contributing to its recent price decline.
In the broader market context, Jupiter Wagons has significantly underperformed compared to the benchmark Sensex, which has only declined by 1.22% over the past week. The stock's year-to-date performance shows a stark contrast, with a drop of 31.76% against the Sensex's gain of 3.90%. This underperformance is further highlighted by the stock's return of -43.89% over the past year, compared to the market's negative return of -3.20%. The falling investor participation, as evidenced by a decrease in delivery volume, suggests a lack of confidence among investors, which is likely exacerbating the stock's downward trajectory.