Why is Jyoti Resins falling/rising?

As of 24-Sep, Jyoti Resins and Adhesives Ltd is experiencing a decline in its stock price, currently at Rs 1,262.00, reflecting a decrease of Rs 7.45 or 0.59%. The stock's performance today was inline with the sector, reaching an intraday high of Rs 1,299 and a low of Rs 1,241. Over the past week, the stock has seen a return of -1.07%, while its performance over the last month shows a decline of 1.25%. The company has reported a significant drop in investor participation, with delivery volume falling by 34.22% against the 5-day average. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. Despite a healthy long-term growth in net sales and operating profit, recent flat results and a high valuation relative to its peers have contributed to the stock's underperformance, with a year-to-date return of -4.56% and a one-year return of -20.88%.
In the broader market context, the stock's short-term performance has been slightly better than the benchmark, with the Sensex declining by 1.18% over the past week. However, the stock has consistently underperformed against the benchmark over the last three years, generating negative returns while the Sensex has increased. The lack of investment from domestic mutual funds, which hold 0% of the company, may indicate a lack of confidence in its current valuation or business prospects. Overall, the combination of declining investor interest, poor recent financial results, and high valuation metrics has led to the stock's downward movement.