Why is Jyoti Resins falling/rising?

As of 12-Sep, Jyoti Resins and Adhesives Ltd is experiencing a decline in its stock price, currently at 1,270.25, reflecting a decrease of 4.75 points or 0.37%. The stock has underperformed its sector by 1.25% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 33.59% compared to the 5-day average. Over the past week, the stock has decreased by 0.37%, and its performance over the last month shows a decline of 5.64%, while it has underperformed the benchmark Sensex, which has risen by 1.48% during the same period. The company has reported flat results, with key financial metrics such as operating profit and profit after tax showing declines compared to previous quarters, contributing to a perception of weakness in its financial health.
Broader market context indicates that Jyoti Resins has consistently underperformed against the benchmark over the last three years, with a one-year return of -12.76% compared to a slight decline of 1.28% for the Sensex. The stock's valuation appears high relative to its earnings growth, as indicated by a PEG ratio of 5.9, and it has not attracted interest from domestic mutual funds, which may reflect a lack of confidence in its current price or business prospects. Despite a healthy long-term growth rate in net sales and operating profit, the overall sentiment remains cautious due to recent financial performance and the stock's inability to keep pace with broader market gains.