Why is Jindal Worldwide falling/rising?

As of 24-Jun, Jindal Worldwide Ltd's stock price is currently at Rs 56.11, reflecting a decline of -0.17, or -0.3%. The stock has been underperforming, with a consecutive fall over the last two days resulting in a total decline of -1.73%. It is trading close to its 52-week low, just 3.56% above Rs 54.11, and has underperformed its sector by -1.34%. Over the past week, the stock has decreased by -3.18%, and it has also shown a significant decline of -29.27% year-to-date. The company's financial health is concerning, with a high Debt to EBITDA ratio of 2.81 times indicating a low ability to service debt, and operating profit has decreased at an annual rate of -19.64% over the last five years. Additionally, domestic mutual funds hold only 0.1% of the company, suggesting a lack of confidence in its valuation.
In the broader market context, while Jindal Worldwide has been struggling, the benchmark Sensex has shown a slight gain of +0.58% over the past week. This stark contrast highlights the stock's underperformance relative to the market. The company's returns have been consistently below the benchmark, with a -20.57% return over the past year compared to the Sensex's +6.10%. The stock's liquidity is adequate for trading, but the falling investor participation, as indicated by a -4.85% drop in delivery volume, further exacerbates its challenges. Overall, the combination of poor financial metrics, declining performance, and low investor interest contributes to the stock's downward trajectory.