Why is Jindal Poly Film falling/rising?

As of 25-Aug, Jindal Poly Films Ltd is experiencing a decline in its stock price, currently at Rs 522.20, reflecting a decrease of Rs 2.0 or 0.38%. The stock opened with a gain of 4.14% today, reaching an intraday high of Rs 545.9, but ultimately closed lower. Over the past week, the stock has shown a slight increase of 0.09%, although it has significantly underperformed over the past month and year, with returns of -12.20% and -44.69%, respectively. The stock is trading close to its 52-week low and is below all key moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by over 50% compared to the five-day average. While the company has a strong ability to service debt and is trading at a discount compared to peers, its long-term growth prospects are hindered by a significant decline in operating profit and negative financial results in recent quarters.
In the broader market context, Jindal Poly Films has underperformed the benchmark Sensex, which has gained 0.45% over the past week. The stock's poor performance is further highlighted by its negative returns over the past three years, one year, and three months, indicating a consistent trend of underperformance compared to the broader market. The lack of investment from domestic mutual funds may also reflect a lack of confidence in the company's future prospects, contributing to the stock's downward movement. Overall, the combination of weak financial results, declining investor interest, and significant underperformance relative to the market are key factors driving the stock's current decline.