Why is SJVN falling/rising?

As of 11-Nov, SJVN Ltd. is experiencing a decline in its stock price, currently at Rs 82.30, which reflects a decrease of Rs 1.91 or 2.27%. The stock has been underperforming significantly, having fallen for the last eight consecutive days, resulting in a total decline of 7.42% during this period. It is also trading close to its 52-week low, just 2.19% away from Rs 80.5. Over the past week, SJVN has seen a return of -5.77%, while its performance over the last month is down by 8.70%. The company's financial health is concerning, as it has reported negative results for the last four consecutive quarters, with a notable drop in both profit before tax and profit after tax. Additionally, the operating profit has shown a slight annual decline over the past five years, contributing to a perception of poor long-term growth.
In the broader market context, SJVN's performance contrasts sharply with the benchmark Sensex, which has gained 0.49% over the past week and 1.66% over the last month. This stark difference highlights SJVN's struggle, as it has underperformed the market significantly, generating a return of -24.98% over the past year compared to the Sensex's positive return of 5.50%. The stock's valuation appears expensive relative to its returns, with a low return on capital employed and a high enterprise value to capital employed ratio. Despite a rise in investor participation indicated by increased delivery volume, the overall sentiment remains negative due to the company's financial struggles and poor growth outlook.