Why is Jyoti Structures falling/rising?

As of 19-Aug, Jyoti Structures Ltd's stock price is currently at 16.14, reflecting an increase of 0.14 or 0.88%. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 1.48%. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite the recent positive results over the last three quarters, including a 20.20% growth in PAT and the highest cash and cash equivalents at Rs 514.14 cr, the company faces significant challenges. It has a high debt-to-equity ratio of 27.68 times and a low return on equity of 1.58%, which raises concerns about its long-term fundamental strength and profitability.
In the broader market context, Jyoti Structures has underperformed compared to the Sensex, with a 1-week return of -0.06% against the benchmark's +1.76%. Over the past year, the stock has declined by 32.41%, while the Sensex has gained 1.52%. This stark contrast highlights the stock's struggles in both the short and long term, as it has consistently underperformed against broader market indices. The lack of investment from domestic mutual funds, holding 0% of the company, further suggests a lack of confidence in its current valuation and business prospects.