Why is Jindal Poly Film falling/rising?

As of 28-Aug, Jindal Poly Films Ltd's stock price is currently at Rs 521.55, reflecting an increase of Rs 11.4 or 2.23%. The stock has shown a trend reversal today, gaining after two consecutive days of decline, and it outperformed its sector by 3.62%. However, it has recently hit a new 52-week low of Rs 506 and is trading below all its moving averages. Over the past week, the stock has decreased by 0.11%, and it has significantly underperformed the benchmark Sensex, which has fallen by 2.34% in the same period. Despite a year-to-date decline of 44.18%, the company has a low Debt to EBITDA ratio of 1.49 times and a fair valuation with a Price to Book Value of 0.6, indicating some positive aspects amidst its struggles.
Broader market context shows that Jindal Poly Films has consistently underperformed against the benchmark over the last three years, with a one-year return of -35.97% compared to the Sensex's -2.08%. This consistent underperformance, coupled with poor long-term growth indicated by a -56.26% annual rate of operating profit growth over the last five years, raises concerns among investors. Additionally, the lack of domestic mutual fund investment suggests a lack of confidence in the stock's future performance. Overall, while there are some positive indicators regarding debt management and valuation, the stock's recent price movement is influenced by its historical underperformance and recent financial results, leading to a cautious outlook among investors.