Why is Jindal Hotels falling/rising?

As of 24-Sep, Jindal Hotels Ltd is experiencing a decline in its stock price, currently at Rs 83.00, reflecting a decrease of Rs 3.3 or 3.82%. The stock has underperformed the sector today by 2.97% and has been on a downward trend, falling for the last three consecutive days with a total drop of 5.99%. Additionally, the stock is trading close to its 52-week low, just 3.61% above it. Over the past year, Jindal Hotels has generated a return of -19.42%, significantly worse than the broader market, which has seen a decline of only -3.77%. The company's financial health is concerning, with a high debt-to-equity ratio of 2.74 and a substantial drop in profits of 54.2% over the past year, contributing to its weak long-term fundamental strength.
In the broader market context, Jindal Hotels' short-term performance has been notably worse than the benchmark, with a 1-week return of -5.68% compared to the Sensex's -1.18%. This stark contrast indicates that investor sentiment towards Jindal Hotels is particularly negative, exacerbated by falling investor participation and liquidity issues. Despite having an attractive valuation relative to its peers, the company's high debt levels and poor profitability metrics have led to a lack of confidence among investors, further driving the stock's decline.