Why is Jindal Poly Inve falling/rising?

As of 01-Aug, Jindal Poly Investment & Finance Company Ltd is experiencing a decline in its stock price, currently at Rs 752.00, which represents a decrease of Rs 25.8 or 3.32%. The stock has underperformed its sector by 1.84% today and has been on a downward trend for the last two days, accumulating a total loss of 6% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the stock has generated a return of -13.64%, while its profits have only marginally increased by 0.1%. The company has a fair valuation with a Price to Book Value of 0.5, but its weak long-term fundamental strength, highlighted by a low average Return on Equity (ROE) of 11.49%, raises concerns among investors.
In the broader market context, Jindal Poly's short-term performance has been significantly worse than the benchmark Sensex, which has only declined by 1.06% over the past week. The stock's year-to-date performance is also troubling, with a decline of 14.27% compared to the Sensex's gain of 3.15%. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects, potentially influencing its current price movement. Overall, the combination of negative financial results, weak investor sentiment, and underperformance relative to the market contributes to the stock's recent decline.