Why is Jindal Poly Film falling/rising?

As of 04-Aug, Jindal Poly Films Ltd is currently priced at Rs. 562.90, reflecting an increase of Rs. 6.1 or 1.1%. Despite this uptick, the stock has faced significant challenges, having reached a new 52-week low of Rs. 545.05 earlier in the day, and it opened with a loss of 2.11%. Over the past week, the stock has declined by 3.90%, and it has underperformed the benchmark Sensex, which has gained 0.16%. The company has a low Debt to EBITDA ratio of 1.49 times, indicating a strong ability to service debt, and its valuation appears attractive with a Price to Book Value of 0.6. However, the stock has generated a return of -31.45% over the past year, despite a 38.4% increase in profits, highlighting a disconnect between stock performance and underlying financial health.
Broader market context shows that Jindal Poly Films has consistently underperformed against the benchmark over the last three years, with a year-to-date return of -39.75% compared to the Sensex's gain of 3.69%. The stock's recent performance is further complicated by poor long-term growth, as evidenced by a significant decline in operating profit over the past five years and a lack of interest from domestic mutual funds, which hold no stake in the company. This consistent underperformance, coupled with flat quarterly results and high interest expenses, suggests that investor sentiment remains cautious, despite the recent price increase.