Why is Zodiac-JRD MKJ falling/rising?

As of 18-Jul, Zodiac-JRD-MKJ Ltd's stock price is currently at 55.99, reflecting a decrease of 0.51, or 0.9%. The stock has been experiencing a downward trend, having lost 1.06% over the last two days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite the company declaring positive results for the last three consecutive quarters, including a significant growth in net sales and an increase in promoter stake, the stock has underperformed with a year-to-date decline of 27.82% compared to a 4.63% gain in the benchmark index. Additionally, the delivery volume has decreased significantly, indicating falling investor participation, which may contribute to the stock's recent price decline.
In the broader market context, while the Sensex has shown a slight decline of 0.90% over the past week, Zodiac-JRD-MKJ's performance has been notably worse, with a 5.10% drop in the same period. The stock's long-term fundamentals appear weak, with a low return on equity and poor growth metrics, which may deter investors despite recent positive developments. The significant disparity between the stock's performance and the benchmark's returns highlights the challenges the company faces in regaining investor confidence and improving its market position.