Why is Zodiac-JRD MKJ falling/rising?

As of 23-Sep, Zodiac-JRD-MKJ Ltd's stock price is currently at 46.35, reflecting an increase of 0.64 or 1.4%. Despite this positive movement today, the stock has shown a decline of 1.38% over the past week and a significant drop of 40.25% year-to-date. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 58.47% compared to the five-day average. On a positive note, the company has reported strong results over the last four quarters, with net sales growing by 38.54% and a rise in profit after tax, alongside increased promoter confidence as they raised their stake by 9.21%.
In the broader market context, the stock has underperformed compared to the Sensex, which has gained 5.07% year-to-date, while Zodiac-JRD-MKJ has seen a substantial decline. The stock's performance over the past year has been particularly poor, with a return of -48.53%, contrasting sharply with the Sensex's decline of only 3.33%. This underperformance is compounded by weak long-term fundamentals, including a low return on equity and a negative EBIT to interest ratio, which raises concerns about the company's ability to sustain growth and service its debt. While the recent positive results and promoter confidence may provide some support, the overall outlook remains challenging given the stock's historical performance and valuation metrics.