Why is Zodiac-JRD MKJ falling/rising?

As of 24-Jul, Zodiac-JRD-MKJ Ltd's stock price is currently at 55.50, reflecting a decrease of 0.68, or 1.21%. The stock has underperformed its sector by 1.5% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.77%, and it has also shown negative returns of 0.61% over the past month and 28.45% year-to-date. Despite the company declaring positive results for the last four consecutive quarters, with net sales growing by 38.54% and a slight increase in profit after tax, the stock's long-term fundamentals remain weak, highlighted by a low return on equity of 1.03% and a poor EBIT to interest ratio of -0.42. Additionally, while promoters have increased their stake by 9.21%, indicating confidence in the company, the overall performance has been hindered by a significant underperformance compared to the market.
In the broader market context, the Sensex has shown a slight decline of 0.09% over the past week, while Zodiac-JRD-MKJ's performance has been notably worse. The stock's year-over-year return of -13.29% starkly contrasts with the Sensex's positive return of 2.54%, indicating a significant underperformance relative to the benchmark. This disparity suggests that while the market has been relatively stable, Zodiac-JRD-MKJ has struggled to maintain investor confidence, reflected in declining trading volumes and liquidity issues. Overall, the combination of weak long-term fundamentals and recent negative performance metrics contributes to the stock's downward movement.