Why is Jyoti Resins falling/rising?

As of 09-Sep, Jyoti Resins and Adhesives Ltd is experiencing a slight increase in its stock price, currently at 1,280.00, with a change of 0.2 (0.02%) upwards. The stock has shown a performance inline with its sector, gaining for the last two days with a total return of 0.39% during this period. However, it is important to note that the stock has underperformed in the longer term, with a decline of 4.75% over the past month and 11.42% over the past year. The company has a low debt-to-equity ratio and has demonstrated healthy long-term growth in net sales and operating profit. Nonetheless, recent quarterly results have shown flat performance, with key metrics such as operating profit to net sales at their lowest and a significant drop in profit before tax and profit after tax compared to previous quarters. Additionally, the stock's high valuation relative to its peers, indicated by a Price to Book Value of 6.7, may deter investors.
In the broader market context, the stock's short-term performance of +0.08% over the past week contrasts with the Sensex, which has increased by 1.18% during the same period. This underperformance is consistent with the stock's trend over the last three years, where it has consistently lagged behind the benchmark, generating negative returns while the Sensex has risen. The falling investor participation, as evidenced by a 23.53% decrease in delivery volume, coupled with the lack of domestic mutual fund investment, suggests a cautious sentiment among investors regarding the stock's future prospects. Overall, while there is a slight uptick in the stock price, the underlying fundamentals and market conditions indicate challenges that may continue to impact its performance negatively.