Why is Jindal Hotels falling/rising?

As of 11-Sep, Jindal Hotels Ltd is experiencing a decline in its stock price, currently at Rs 81.00, which reflects a decrease of Rs 0.85 or 1.04%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.57%. It is trading close to its 52-week low, just 1.23% above that level. Additionally, the stock has shown negative returns over various periods, including a 1-week decline of 2.41% and a year-to-date drop of 17.35%. The company's financial health is concerning, with a high debt-to-equity ratio of 2.74 and a significant profit decline of 54.2% over the past year, which contributes to its weak long-term fundamental strength.
In the broader market context, Jindal Hotels has significantly underperformed compared to the benchmark Sensex, which has gained 1.03% over the past week and 4.36% year-to-date. While the overall market has shown resilience, Jindal Hotels' stock has not only fallen more sharply but also generated a return of -30.62% over the past year, indicating a lack of investor confidence. Despite a rise in delivery volume, suggesting increased trading activity, the company's poor sales performance and high debt levels overshadow any potential positive sentiment, leading to its current downward trajectory.