Why is Jindal Worldwide falling/rising?

As of 09-Jul, Jindal Worldwide Ltd's stock price is currently at Rs. 47.02, reflecting a decrease of Rs. 0.42 or 0.89%. The stock has hit a new 52-week low of Rs. 46.56 today and has been on a downward trend, losing 14.23% over the past six days. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent decline. Over the last year, the stock has generated a return of -31.16%, while its 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, contributing to the negative sentiment surrounding the stock. Additionally, the low stake held by domestic mutual funds, at just 0.1%, suggests a lack of confidence in the company's prospects.
In the broader market context, Jindal Worldwide's performance has significantly lagged behind the benchmark, with a 1-week return of -8.59% compared to the Sensex's slight gain of 0.15%. The stock's underperformance is evident over longer periods as well, with a year-to-date decline of 40.73% against the Sensex's increase of 6.91%. This stark contrast highlights the challenges faced by Jindal Worldwide, particularly in terms of its operational performance and market perception, which have led to its recent price decline.