Why is Jyoti Resins falling/rising?

As of 11-Sep, Jyoti Resins and Adhesives Ltd is currently priced at 1,275.00, reflecting an increase of 5.55 (0.44%). Despite today's positive movement, the stock has shown a negative trend over the past week, month, and year, with returns of -0.39%, -5.67%, and -12.07% respectively. Today's performance indicates that the stock has outperformed its sector by 0.58%, and there has been a significant rise in investor participation, with delivery volume increasing by 555.39% compared to the 5-day average. However, the stock is trading below all its moving averages, which suggests a bearish trend. The company's financials show a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, but recent quarterly results have been disappointing, with declines in key profit metrics and a high valuation relative to its peers.
In the broader market context, Jyoti Resins has underperformed against the benchmark, with the Sensex gaining 1.03% over the past week while Jyoti Resins fell by 0.39%. The stock's consistent underperformance over the last three years, alongside a lack of investment from domestic mutual funds, indicates a lack of confidence in its valuation and business prospects. While the stock has shown strong long-term growth, the recent flat results and high price-to-book ratio suggest that investors may be cautious, leading to its underperformance compared to the broader market.