Why is Jindal Capital falling/rising?

As of 10-Nov, Jindal Capital Ltd is experiencing a decline in its stock price, currently at Rs 37.53, which reflects a decrease of Rs 1.82 or 4.63%. The stock has been underperforming significantly, having fallen for the last four consecutive days, resulting in a total decline of 9.48% over the past week. Today, it reached an intraday low of Rs 35.41, marking a drop of 10.01%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Although there has been a notable increase in investor participation with a 216.7% rise in delivery volume on November 6, the overall sentiment remains negative, contributing to the stock's recent downward movement.
Broader Market Context: In comparison to the benchmark Sensex, which has shown a slight decline of only 0.53% over the past week, Jindal Capital's performance is considerably worse, with a 9.48% drop. This stark contrast highlights the stock's underperformance relative to the broader market. Over the past month, Jindal Capital has declined by 11.40%, while the Sensex has gained 1.25%, further emphasizing the stock's struggles in the current market environment. The high volatility observed today, with an intraday volatility of 5.52%, also reflects the uncertainty surrounding the stock's future performance.