Why is Newjaisa Tech falling/rising?

As of 12-Sep, Newjaisa Technologies Ltd is experiencing a decline in its stock price, currently at 46.00, reflecting a decrease of 0.7, or 1.5%. The stock has underperformed its sector today by 2.3%, despite being higher than its 5-day, 20-day, 50-day, and 100-day moving averages, but lower than its 200-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 92.58% compared to the 5-day average. Over the past week, the stock has shown a positive return of 9.13%, but it has a concerning year-to-date return of -44.58% and a one-year return of -60.31%, indicating poor long-term growth prospects. The company does have positive attributes, such as a high return on equity of 51.60% and a low debt-to-EBITDA ratio of 0.43, but these are overshadowed by its substantial operating profit decline over the last five years.
In the broader market context, Newjaisa Technologies Ltd's recent performance contrasts sharply with the benchmark, as it has underperformed significantly over the past year, where the BSE500 index has only fallen by 3.45%. The stock's substantial decline of 60.31% in the same period highlights its struggles relative to the market. While the stock has shown some short-term gains, the overall negative sentiment and poor long-term growth prospects contribute to its current downward trajectory.