Why is Jindal Worldwide falling/rising?

As of 25-Jun, Jindal Worldwide Ltd's stock price is currently at Rs 55.98, reflecting a decrease of -0.13 (-0.23%). The stock has been underperforming, with a consecutive decline over the last three days, resulting in a total drop of -1.96%. It is also trading close to its 52-week low, just 3.34% above Rs 54.11. Over the past year, the stock has generated a return of -20.73%, while its profits have only slightly increased by 0.3%. The company has a high Debt to EBITDA ratio of 2.81 times, indicating a low ability to service debt, which negatively impacts investor sentiment. Additionally, domestic mutual funds hold only 0.1% of the company, suggesting a lack of confidence in its valuation or business prospects.
In the broader market context, Jindal Worldwide's performance has been notably poor compared to the benchmark, with a -3.28% return over the past week while the Sensex has gained +1.61%. This trend of underperformance extends to longer periods as well, with the stock down -8.09% over the past month and -29.43% year-to-date, contrasting sharply with the Sensex's +1.27% and +5.91% returns, respectively. The stock's inability to keep pace with the market, combined with its declining operational metrics and low investor confidence, contributes to its downward trajectory.