Why is Jyoti Resins falling/rising?

As of 15-Sep, Jyoti Resins and Adhesives Ltd is experiencing a decline in its stock price, currently at 1,270.00, reflecting a decrease of -0.25 or -0.02%. The stock has underperformed its sector by -0.6% today and has seen consecutive falls over the last two days, totaling a decline of -0.39%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's performance over the past week shows a decrease of -0.77%, and it has underperformed the benchmark Sensex, which has gained +1.24% in the same period. The company has reported flat results in its latest quarter, with key metrics such as operating profit and profit before tax showing declines compared to previous averages, contributing to investor concerns.
In the broader market context, Jyoti Resins has consistently underperformed against the benchmark over the last three years, with a one-year return of -11.82% compared to the Sensex's -1.33%. Despite a healthy long-term growth in net sales and operating profit, the stock's valuation appears expensive with a price-to-book ratio of 6.7, and domestic mutual funds hold no stake in the company, indicating a lack of confidence in its current price. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume suggests waning investor interest, further exacerbating its recent price decline.