Why is Zodiac-JRD MKJ falling/rising?

As of 14-Jul, Zodiac-JRD-MKJ Ltd's stock price is currently at Rs 57.00, reflecting a decrease of Rs 2.0 or 3.39%. The stock has underperformed its sector by 4.44% today, having touched an intraday low of Rs 56.25, which represents a decline of 4.66%. Over the past week, the stock has shown a slight increase of 0.62%, but it has significantly underperformed over the last month with a decline of 21.86%. Despite positive results in the last three consecutive quarters, including a remarkable growth in net sales of 238.49%, the company's long-term fundamentals are weak, evidenced by a low return on equity of 1.03% and a poor EBIT to interest ratio of -0.42. This combination of factors contributes to the stock's recent downward movement.
In the broader market context, the Sensex has declined by 1.42% over the past week, indicating that the stock's short-term performance is relatively better than the benchmark. However, the stock has underperformed the market significantly over the past year, generating negative returns of -14.41% compared to the BSE500's positive return of 0.26%. The stock's valuation appears expensive with a price-to-book value of 0.9, and despite a substantial increase in profits, the stock's overall performance remains weak, leading to a bearish outlook among investors.