Why is Jyoti Resins falling/rising?

As of 28-Aug, Jyoti Resins and Adhesives Ltd is experiencing a decline in its stock price, currently at Rs 1,273.35, which reflects a decrease of Rs 12.65 or 0.98%. The stock has underperformed in the short term, with a 1-week return of -0.98% compared to the Sensex's -2.34%. Today's price summary indicates that the stock touched an intraday low of Rs 1,260, down 2.02%, and is trading below all its moving averages. Despite a rise in delivery volume by 72.41% against the 5-day average, the company faces challenges, including flat results in its latest quarter, with a significant drop in operating profit to net sales and a decline in profit before tax and profit after tax compared to previous averages. The stock's valuation appears expensive with a high price-to-book ratio, and the lack of domestic mutual fund investment may indicate a lack of confidence in the stock's current price.
In the broader market context, Jyoti Resins has shown a negative return of -6.87% over the past month, while the Sensex has only declined by 1.00%. This underperformance is compounded by the stock's long-term trend, where it has generated a return of -16.25% over the past year, significantly lagging behind the benchmark. The company's healthy long-term growth in net sales and operating profit contrasts with its recent performance, which has led to a perception of weakness among investors. Overall, the combination of disappointing quarterly results, high valuation metrics, and lack of institutional support contributes to the stock's downward movement.