Why is Zodiac-JRD MKJ falling/rising?

As of 15-Sep, Zodiac-JRD-MKJ Ltd's stock price is currently at 46.99, reflecting a slight decrease of 0.01 or 0.02%. The stock has recently experienced a trend reversal, having fallen after three consecutive days of gains. In terms of performance, the stock has outperformed its sector by 0.95% today, but it has shown mixed results over different periods, with a 1-week return of +1.05% compared to the Sensex's +1.24%, and a year-to-date decline of -39.42% against the Sensex's +4.67%. Positive factors include the company's consistent growth in net sales and profit after tax over the last six months, as well as increased promoter confidence with a 9.21% rise in their stake. However, the stock's long-term fundamentals are weak, evidenced by a low return on equity and poor debt servicing ability, which contribute to its overall negative performance.
Broader market context indicates that while the stock has shown some short-term resilience, it has significantly underperformed the broader market indices over the past year and three years. The stock's performance is particularly concerning given its substantial decline of -50.51% over the last year, contrasting sharply with the Sensex's relatively stable performance. This underperformance, coupled with falling investor participation and liquidity concerns, suggests that market sentiment remains cautious despite some positive developments within the company.