Why is Jindal Worldwide falling/rising?

As of 04-Jul, Jindal Worldwide Ltd's stock price is currently at Rs. 49.70, reflecting a decrease of Rs. 1.2 or 2.36%. The stock has recently hit a new 52-week low of Rs. 49.15 and has been on a downward trend, losing 9.34% over the last three days. It is trading below all key moving averages, indicating a bearish sentiment. Additionally, the stock has underperformed its sector by 3.18% today, and the delivery volume has significantly declined by 61.89% compared to the five-day average. The company's performance over the past year has also been poor, with a return of -27.89%, while profits have only marginally increased by 0.3%. The high Debt to EBITDA ratio of 2.81 times raises concerns about the company's ability to service its debt, further contributing to negative investor sentiment.
In the broader market context, Jindal Worldwide's short-term performance has been notably worse than the benchmark, with a one-week return of -11.41% compared to the Sensex's -0.74%. This stark contrast highlights the stock's struggles relative to the overall market. The company's long-term growth prospects appear weak, as indicated by a -19.64% annual decline in operating profit over the last five years and a lack of interest from domestic mutual funds, which hold only 0.1% of the company. Such factors suggest that investors may be cautious about the stock's future, contributing to its recent decline.