Why is Zodiac-JRD MKJ falling/rising?

As of 15-Jul, Zodiac-JRD-MKJ Ltd's stock price is currently at 56.12, reflecting a decrease of 0.88, or 1.54%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 4.88%. Additionally, it is trading below all key moving averages, indicating a bearish trend. Despite declaring positive results for the last three consecutive quarters, including a significant growth in net sales and profit after tax, the company faces challenges with weak long-term fundamentals, such as a low return on equity and poor debt servicing ability. This combination of factors contributes to the stock's recent decline.
In the broader market context, the stock has underperformed significantly compared to the benchmark, with a one-week return of -5.65% against the Sensex's -1.36%. Over the past year, while the market has generated a return of 0.37%, Zodiac-JRD-MKJ has seen a negative return of -16.21%. This stark contrast highlights the stock's struggles in attracting investor confidence, despite some positive financial results. The liquidity of the stock remains adequate, but the overall sentiment appears to be negative, leading to its current price decline.