Why is Jyoti Resins falling/rising?

As of 22-Sep, Jyoti Resins and Adhesives Ltd is experiencing a decline in its stock price, currently at Rs 1,266.65, which reflects a decrease of Rs 28.4 or 2.19%. Today's performance indicates that the stock has underperformed its sector by 1.36%, with an intraday low of Rs 1,240, marking a drop of 4.25%. The stock is trading below all key moving averages, and there has been a significant drop in investor participation, with delivery volume falling by 64.06% compared to the 5-day average. Over the past year, the stock has generated a return of -14.59%, while its profits have only increased by 3.4%, leading to a high PEG ratio of 5.8, which suggests that the stock may be overvalued. Additionally, the lack of investment from domestic mutual funds may indicate a lack of confidence in the stock's current valuation.
In the broader market context, Jyoti Resins' short-term performance has been notably weaker than the benchmark, with a 1-week return of -0.26% compared to the Sensex's gain of 0.46%. This trend of underperformance has persisted over the last three years, where the stock has consistently lagged behind the BSE500. The company's flat results in the latest quarter, including a decline in operating profit relative to net sales, further contribute to the negative sentiment surrounding the stock. Overall, the combination of poor recent performance, high valuation metrics, and lack of institutional support paints a challenging picture for Jyoti Resins in the current market environment.