Why is Jindal Worldwide falling/rising?

As of 07-Jul, Jindal Worldwide Ltd is experiencing a decline in its stock price, currently at Rs. 48.23, which represents a decrease of 1.47 or 2.96%. The stock has hit a new 52-week low of Rs. 47.77 today and has been on a consecutive downward trend for the past four days, resulting in a total drop of 12.02% during this period. Additionally, the stock has underperformed its sector by 2.3%. Over the past year, Jindal Worldwide has generated a return of -30.51%, while its profits have only risen by 0.3%. The company's high Debt to EBITDA ratio of 2.81 times indicates a low ability to service its debt, contributing to negative sentiment around the stock. Furthermore, domestic mutual funds hold only 0.1% of the company, suggesting a lack of confidence in its valuation or business prospects.
In the broader market context, Jindal Worldwide's short-term performance has significantly lagged behind the benchmark, with a 1-week return of -10.92% compared to the Sensex's -0.20%. This stark contrast highlights the stock's underperformance relative to the market. While the Sensex has shown a positive return of 1.53% over the past month, Jindal Worldwide's performance has been notably poor, with a decline of 18.67% in the same timeframe. The overall market conditions appear to be more favorable, further emphasizing the challenges faced by Jindal Worldwide in attracting investor interest and maintaining its stock price.