Why is Jindal Poly Inve falling/rising?

As of 11-Aug, Jindal Poly Investment & Finance Company Ltd is experiencing a decline in its stock price, currently at Rs 731.85, reflecting a decrease of Rs 17.55 or 2.34%. The stock has underperformed its sector by 3.03% today, reaching an intraday low of Rs 728.3. Over the past week, the stock has fallen by 3.98%, and its performance over the last month shows a significant decline of 12.67%. Despite a recent increase in delivery volume by 52.42%, the stock is trading below all key moving averages, indicating a bearish trend. Furthermore, the company has reported negative financial results, including a 43.18% drop in net sales and a 32.3% decrease in profit after tax, contributing to its weak long-term fundamental strength.
In the broader market context, Jindal Poly's performance has been notably worse than the benchmark, with a one-year return of -12.45% compared to the BSE500's decline of only -1.85%. This stark contrast highlights the stock's underperformance relative to the market. The company's return on equity is average at 11.49%, and domestic mutual funds hold no stake, suggesting a lack of confidence in the stock's valuation. Overall, the combination of poor financial results, underperformance against benchmarks, and weak investor sentiment has led to the current decline in Jindal Poly's stock price.