Why is Newjaisa Tech falling/rising?

As of 23-Sep, Newjaisa Technologies Ltd is experiencing a decline in its stock price, currently at 44.20, reflecting a decrease of 1.2 or 2.64%. The stock has underperformed its sector today by 2.09%, despite showing higher performance than the 20-day, 50-day, and 100-day moving averages. Over the past week, the stock has dropped by 9.24%, while it has seen a significant increase of 41.67% over the past month. However, the long-term outlook remains concerning, as the company has reported a staggering annual operating profit decline of 172.30% over the last five years, contributing to a year-to-date drop of 46.75%. The company does exhibit some positive attributes, such as 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.
In the broader market context, Newjaisa Technologies Ltd's performance has been notably worse than the benchmark, with a one-year return of -54.39% compared to the BSE500's decline of only -4.69%. This stark contrast highlights the company's struggles relative to the overall market. Despite a recent rise in investor participation, as evidenced by a 5.63% increase in delivery volume, the stock's liquidity remains adequate for trading. Overall, the combination of poor long-term growth prospects and significant underperformance against the market has contributed to the stock's current downward trend.