Why is Jyoti Resins falling/rising?

As of 08-Sep, Jyoti Resins and Adhesives Ltd is experiencing a slight increase in its stock price, currently at 1,279.80, reflecting a change of 4.8 (0.38%) upward. The stock's performance today is in line with its sector, and it is trading higher than its 5-day moving averages, although it remains lower than its 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown a mixed performance in the past week, with a return of +0.69%, while it has underperformed over the past month with a decline of -4.77%. Key financial indicators reveal a low Debt to Equity ratio and healthy long-term growth in net sales and operating profit. However, the company has reported flat results for June, with a significant drop in operating profit to net sales and a decline in both profit before tax and profit after tax compared to previous quarters, contributing to a negative sentiment around the stock.
In the broader market context, Jyoti Resins has outperformed the Sensex in the short term, with a 1-week return of +0.69% compared to the Sensex's +0.53%. Despite this, the stock has struggled over longer periods, with a year-to-date return of -3.22% against the Sensex's +3.39% and a one-year return of -11.22% compared to the Sensex's -0.49%. The low domestic mutual fund ownership suggests a lack of confidence from institutional investors, which may further impact the stock's performance. Overall, while there are some positive indicators, the recent flat financial results and underperformance in the long term contribute to a cautious outlook for Jyoti Resins.