Why is Jindal Poly Inve falling/rising?

As of 18-Jul, Jindal Poly Investment & Finance Company Ltd is experiencing a decline in its stock price, currently at 842.00, which reflects a decrease of 10.25 or 1.2%. The stock has underperformed its sector by 0.91% today and has been on a downward trend for the last two days, resulting in a total drop of 3.4% during this period. Although the stock is trading at a fair value compared to its peers, with a Price to Book Value of 0.6 and a Return on Equity (ROE) of 19.4, it has faced negative financial results recently, including a significant drop in net sales and profit before tax. Additionally, the falling investor participation, indicated by a 37.13% decrease in delivery volume, suggests waning interest among investors.
In the broader market context, the stock's performance over the past week shows a modest gain of 0.48%, while the benchmark Sensex has declined by 0.90%. However, over the past month, Jindal Poly has underperformed with a return of -5.43% compared to a slight gain of 0.38% for the Sensex. The stock's year-to-date performance is also negative at -4.01%, contrasting with the Sensex's positive return of 4.63%. This underperformance, coupled with the lack of domestic mutual fund investment, indicates a lack of confidence in the company's long-term fundamentals, contributing to the stock's recent decline.