Why is Jyoti Resins falling/rising?

As of 18-Sep, Jyoti Resins and Adhesives Ltd is experiencing a decline in its stock price, currently at 1,270.25, reflecting a decrease of 5.4 points or 0.42%. The stock has been losing value for the last two days, with a total drop of 0.56% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has significantly decreased, falling by 48.83% compared to the 5-day average, suggesting reduced investor participation. The company has reported flat results for the quarter ending June 25, with key financial metrics such as operating profit and profit after tax showing declines relative to previous quarters. Despite a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, the stock's valuation appears expensive, with a high price-to-book ratio and a low return on equity.
In the broader market context, Jyoti Resins has underperformed against the benchmark, with a 1-week return of -0.37% compared to the Sensex's gain of 1.80%. Over the past month, the stock has decreased by 3.03%, while the Sensex has increased by 2.14%. This consistent underperformance over the last three years, coupled with a lack of domestic mutual fund investment, indicates a lack of confidence in the stock's future prospects. The stock's negative returns over the past year, combined with a high PEG ratio, further highlight the challenges it faces in attracting investor interest, contributing to its current price decline.