Why is Jindal Worldwide falling/rising?

As of 30-Jun, Jindal Worldwide Ltd's stock price is currently at Rs. 54.14, reflecting a decline of Rs. 1.96 or 3.49%. The stock has recently hit a new 52-week low of Rs. 52.82 and has shown significant volatility, trading within a wide range of Rs. 11.91 today. Over the past week, the stock has underperformed the sector by 4.33%, and its performance over the last month shows a decline of 11.10%. Additionally, the company has a high Debt to EBITDA ratio of 2.81 times, indicating a low ability to service debt, which contributes to negative sentiment around the stock. Despite a slight increase in profits by 0.3% over the past year, the stock has generated a return of -22.09%, reflecting poor long-term growth with an annual operating profit decline of 19.64% over the last five years.
In the broader market context, Jindal Worldwide's recent performance contrasts sharply with the benchmark Sensex, which has gained 2.09% over the past week and 2.65% over the last month. The stock's significant underperformance relative to the benchmark and its peers, coupled with a lack of confidence from domestic mutual funds—holding only 0.1% of the company—suggests that investors may be wary of the company's future prospects. Overall, the combination of high debt levels, declining operating profits, and poor recent returns has led to a negative outlook for Jindal Worldwide, contributing to its falling stock price.