Why is Jindal Worldwide falling/rising?

As of 03-Jul, Jindal Worldwide Ltd's stock price is currently at Rs. 50.90, reflecting a decrease of Rs. 0.54 or 1.05%. The stock has recently hit a new 52-week low of Rs. 50.35 and has been on a downward trend, losing 7.15% over the last two days. It is trading below all its moving averages, indicating a bearish sentiment. Over the past year, the stock has underperformed significantly, with a return of -25.73%, while its profits have only marginally increased by 0.3%. The company's high Debt to EBITDA ratio of 2.81 times raises concerns about its ability to service debt, contributing to a negative outlook. Additionally, domestic mutual funds hold only a minimal stake of 0.1%, suggesting a lack of confidence in the stock's valuation or business prospects.
In the broader market context, Jindal Worldwide's short-term performance has been notably poor compared to the benchmark Sensex, which has gained 3.10% over the past month while the stock has declined by 15.66%. This stark contrast highlights the stock's struggles relative to the overall market. The stock's recent performance has also been below par compared to the BSE500 index over various time frames, further indicating its challenges in attracting investor interest. Despite a rise in delivery volume, the overall sentiment remains negative, reflecting broader concerns about the company's long-term growth potential and financial health.