Why is Jindal Poly Inve falling/rising?

As of 24-Jul, Jindal Poly Investment & Finance Company Ltd is experiencing a decline in its stock price, currently at 803.00, which reflects a decrease of 3.25 points or 0.4%. The stock has been underperforming recently, having fallen consecutively for the last three days with a total decline of 4.89%. Over the past week, the stock has decreased by 5.78%, and its performance over the last month shows a significant drop of 12.24%. Despite a fair valuation indicated by a Price to Book Value of 0.6 and a Return on Equity (ROE) of 19.4, the company has reported negative financial results, including a 49.84% decline in profit after tax over the last six months. This weak fundamental strength, coupled with a low domestic mutual fund holding of 0%, suggests a lack of confidence in the stock's future performance.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has shown a slight increase of 0.16% over the past month. While Jindal Poly has outperformed its sector by 0.34% today, the overall trend indicates a significant underperformance compared to the benchmark, particularly in the year-to-date returns where the stock has declined by 8.45% against the Sensex's gain of 5.18%. The liquidity of the stock remains adequate, with a notable increase in delivery volume, but the persistent negative financial indicators and the lack of institutional support contribute to the stock's downward trajectory.