Why is Jindal Poly Inve falling/rising?

As of 22-Aug, Jindal Poly Investment & Finance Company Ltd is experiencing a decline in its stock price, currently at 725.75, reflecting a decrease of 9.25 points or 1.26%. The stock has underperformed its sector by 0.82% today, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has fallen by 2.16%, and its year-to-date return stands at -17.26%. The company's profits have decreased by 2.4% over the past year, and despite a relatively attractive valuation with a Price to Book Value of 0.5, the weak long-term fundamentals, including a low average Return on Equity (ROE) of 11.49%, contribute to the negative sentiment surrounding the stock.
Broader market context indicates that Jindal Poly has significantly underperformed compared to the benchmark, with a one-year return of -14.92% against the BSE500's decline of only -2.49%. This stark contrast suggests that investor confidence in Jindal Poly is waning, as evidenced by a notable drop in delivery volume, which has fallen by 44.8% against the 5-day average. Additionally, the lack of domestic mutual fund investment, which stands at 0%, may signal discomfort with the company's current valuation or business prospects. Overall, these factors collectively contribute to the stock's downward trajectory in the market.