Why is Jindal Worldwide falling/rising?

As of 26-Jun, Jindal Worldwide Ltd's stock price is currently at Rs 55.65, reflecting a decrease of -0.33 (-0.59%). The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of -2.54% during this period. It is also trading close to its 52-week low, just 2.77% above Rs 54.11. Over the past year, the stock has generated a return of -21.60%, significantly underperforming the benchmark Sensex, which has risen by 6.46%. The company's financial health is concerning, with a high Debt to EBITDA ratio of 2.81 times, indicating a low ability to service its debt. Additionally, the operating profit has seen a substantial decline of -19.64% over the last five years, further contributing to negative sentiment around the stock.
In the broader market context, Jindal Worldwide's short-term performance has been notably poor compared to the Sensex, which has gained 2.94% over the past week while Jindal's stock has dropped by -1.94%. This stark contrast highlights the stock's struggles in a generally positive market environment. Despite a recent increase in investor participation, with delivery volume rising by 199.86% against the five-day average, the overall sentiment remains bearish due to the company's flat financial results and low domestic mutual fund holdings, which suggest a lack of confidence in its future performance.