Why is Jindal Capital falling/rising?

As of 30-Oct, Jindal Capital Ltd is experiencing a decline in its stock price, currently at Rs 39.99, which reflects a decrease of Rs 1.03 or 2.51%. The stock has underperformed its sector by 1.99% today and has been on a consecutive downward trend for the last two days, accumulating a total drop of 3.27%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also significantly decreased, with a 73.33% drop compared to the 5-day average, suggesting a lack of investor interest. The stock's performance over various periods shows a 4.24% decline over the past week and a 7.71% drop over the past month, while it has fallen 16.69% over the past year, further highlighting its struggles in the current market environment.
In the broader market context, Jindal Capital's recent performance contrasts sharply with the benchmark Sensex, which has shown a slight decline of only 0.18% over the past week and a positive return of 5.15% over the past month. This disparity indicates that while the overall market has been relatively stable or growing, Jindal Capital has faced significant challenges, leading to its underperformance. The stock's year-to-date return of -7.47% also contrasts unfavorably with the Sensex's gain of 8.02%, reinforcing the notion that Jindal Capital is struggling to attract investor confidence amidst a more favorable market backdrop.