Why is Jindal Hotels falling/rising?

As of 12-Sep, Jindal Hotels Ltd is currently priced at Rs 81.00, showing no change (0.00%). The stock has been underperforming, with a 1-week return of -3.57% and a year-to-date return of -17.35%. It is trading close to its 52-week low, just 1.23% away from Rs 80, and is below all its moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 31.51% compared to the 5-day average. The company has a high debt-to-equity ratio of 2.74, and its profits have decreased by 54.2% over the past year, contributing to a negative sentiment around the stock.
In the broader market context, Jindal Hotels has significantly underperformed compared to the benchmark Sensex, which has gained 1.48% over the past week while Jindal Hotels has lost value. The company’s net sales have also declined by 14.9% in the most recent quarter, further highlighting its struggles. Despite having an attractive valuation based on return on capital employed and trading at a discount to peers, the overall weak long-term fundamentals and high debt levels suggest that the stock is facing considerable challenges, leading to its current downward trajectory.