Why is Jindal Worldwide falling/rising?

As of 08-Jul, Jindal Worldwide Ltd is experiencing a decline in its stock price, currently at Rs. 47.44, which reflects a decrease of Rs. 0.79 or 1.64%. The stock has hit a new 52-week low of Rs. 46.79 today and has been on a consecutive downward trend for the last five days, resulting in a total decline of 13.46% over that period. Additionally, the stock has underperformed its sector by 3.47% today and is trading below all key moving averages. The company's financial health is concerning, with a high Debt to EBITDA ratio of 2.81 times indicating a low ability to service debt, and a significant decline in operating profit growth over the past five years. Despite a slight increase in profits of 0.3% over the past year, the stock has generated a return of -30.45%, which further reflects its poor performance.
In the broader market context, Jindal Worldwide's short-term performance has significantly lagged behind the benchmark, with a 1-week return of -13.46% compared to a negligible increase of 0.02% in the Sensex. Over the last month, the stock has fallen by 20.00%, while the benchmark has risen by 1.85%. This stark contrast highlights the stock's underperformance not only in the short term but also in the long term, as it has consistently underperformed the BSE500 over various time frames. The low participation from domestic mutual funds, holding only 0.1% of the company, suggests a lack of confidence in the stock's valuation and business prospects, contributing to its downward trajectory.