Why is Newjaisa Tech falling/rising?

As of 18-Sep, Newjaisa Technologies Ltd is experiencing a decline in its stock price, currently at 47.50, reflecting a decrease of 2.5, or 5.0%. The stock has shown mixed performance recently, with a 1-week return of +1.71%, which slightly outperformed the Sensex's +1.67%. However, over the past month, the stock has surged by 45.26%, significantly higher than the Sensex's 2.20%. Despite these short-term gains, the stock has a troubling long-term outlook, with a staggering annual decline of 51.95% over the past year. Today's trading activity indicates a concerning trend, as the delivery volume has plummeted by 90.65% compared to the 5-day average, suggesting falling investor participation. While the company boasts a high return on equity of 51.60% and a low debt to EBITDA ratio of 0.43, indicating strong management efficiency and debt servicing capability, these positive factors are overshadowed by poor long-term growth, with operating profit declining at an alarming rate of -172.30% over the last five years.
Broader market context shows that Newjaisa Technologies Ltd has underperformed the broader market significantly over the past year, with its decline of -51.95% starkly contrasting the BSE500's negative return of only -1.96%. This underperformance highlights the stock's struggles relative to the overall market, despite a recent uptick in short-term performance. The liquidity of the stock remains adequate, but the substantial drop in delivery volume raises concerns about investor confidence. Overall, while there are some positive indicators regarding management efficiency, the negative long-term growth trends and recent declines in trading activity contribute to the stock's current downward trajectory.