Why is Zodiac-JRD MKJ falling/rising?

As of 07-Jul, Zodiac-JRD-MKJ Ltd is experiencing a decline in its stock price, currently at 56.65, which reflects a decrease of 0.29 or 0.51%. The stock has underperformed its sector by 0.4% today and has been on a downward trend for the last two days, resulting in a total decline of 1.46% during this period. Despite a strong performance over the past month with a return of 28.78%, the stock has a year-to-date decline of 26.97% and has underperformed the market significantly over the past year, generating a return of -18.76%. The company has reported positive results for the last three consecutive quarters, with net sales growing by 233.74%, but its weak long-term fundamental strength, indicated by a low return on equity of 1.03% and poor debt servicing ability, raises concerns among investors.
In the broader market context, while the Sensex has shown a slight decline of 0.20% over the past week, Zodiac-JRD-MKJ's performance has been notably stronger in the short term, with a 7.27% increase over the same period. However, the stock's recent consecutive falls and declining investor participation, evidenced by a significant drop in delivery volume, suggest a lack of confidence among investors. The stock's valuation appears expensive relative to its fundamentals, and despite positive profit growth, it has not translated into favorable stock performance, leading to its underperformance against the broader market.