Why is Jindal Worldwide falling/rising?

As of 02-Jul, Jindal Worldwide Ltd's stock price is currently at Rs. 51.44, reflecting a decline of Rs. 3.38 or 6.17%. Today, the stock hit a new 52-week low of Rs. 51 and has underperformed its sector by 6.39%. The stock experienced significant volatility, with an intraday high of Rs. 56.48 and a low of Rs. 51, indicating a wide trading range of Rs. 5.48. Over the past week, the stock has decreased by 8.11%, and it has shown a substantial decline of 35.16% year-to-date. Despite a modest increase in profits of 0.3% over the past year, the stock's performance has been hampered by a high Debt to EBITDA ratio of 2.81 times, poor long-term growth, and a lack of confidence from domestic mutual funds, which hold only 0.1% of the company.
In the broader market context, Jindal Worldwide's recent performance contrasts sharply with the Sensex, which has gained 0.79% over the past week and 6.75% year-to-date. The stock's significant underperformance, with a return of -25.61% over the last year compared to the Sensex's 5.00%, highlights the challenges the company faces in attracting investor confidence and maintaining growth. The combination of high debt levels, declining operating profits, and a lack of institutional support suggests that the stock is struggling to keep pace with the broader market, contributing to its downward price movement.