Why is Zodiac-JRD MKJ falling/rising?

As of 28-Jul, Zodiac-JRD-MKJ Ltd is experiencing a decline in its stock price, currently at Rs 51.30, which represents a decrease of 3.07 (-5.65%). The stock has been underperforming, having lost 8.69% over the last three days and opening with a loss of 3.99% today. It is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has fallen by 10.27%, significantly underperforming the Sensex, which declined by only 1.59%. While the company has reported positive results in the last four quarters, including a 38.54% growth in net sales, its long-term fundamentals are weak, with a low return on equity of 1.03% and a concerning EBIT to interest ratio of -0.36. In the broader market context, the stock's performance has been notably worse than the benchmark, as it has generated a return of -22.02% over the past year compared to the Sensex's decline of just 0.54%. This stark contrast highlights the stock's struggles relative to the market. Additionally, the diamond and gold jewelry sector has also seen a decline of 2.08%, contributing to the negative sentiment surrounding the stock. Despite rising promoter confidence, with a 9.21% increase in their stake, the overall market perception remains cautious due to the company's weak long-term growth prospects and high valuation concerns.