Why is Jupiter Wagons falling/rising?

As of 22-Sep, Jupiter Wagons Ltd is experiencing a decline in its stock price, currently at Rs 333.75, which reflects a decrease of Rs 6.4 or 1.88%. The stock has underperformed its sector by 1.77% today and has been on a downward trend for the last three days, accumulating a total drop of 3.78%. Additionally, the stock's performance over the past week shows a decline of 3.16%, and it has significantly underperformed the benchmark Sensex, which has gained 0.46% in the same period. The company's recent financial results have been concerning, with a substantial fall in operating profit of 53.43% and a significant drop in profit after tax by 65.8% compared to the previous quarter. This has contributed to a negative sentiment around the stock, which is further exacerbated by a low return on capital employed and a high price-to-book value ratio, indicating an expensive valuation relative to its peers.
In the broader market context, while the BSE500 index has seen a slight decline of 3.80% over the past year, Jupiter Wagons has faced a much steeper drop of 36.90%, highlighting its significant underperformance. The stock's liquidity remains adequate, but the falling investor participation, evidenced by a 16.26% decrease in delivery volume, suggests waning interest among investors. This combination of poor financial performance, negative market sentiment, and underwhelming returns compared to the benchmark has led to the stock's current downward trajectory.