Why is Jindal Worldwide falling/rising?

As of 11-Jul, Jindal Worldwide Ltd is experiencing a decline in its stock price, currently at Rs. 42.91, which represents a decrease of 4.09 or 8.7%. The stock has hit a new 52-week low of Rs. 42.65 today and has been on a downward trend for the past eight days, resulting in a total decline of 21.73% during this period. Additionally, the stock has underperformed its sector by 7.18% today. Over the past week, Jindal Worldwide has seen a significant drop of 13.66%, and its year-to-date performance shows a staggering decline of 45.91%. 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 poor long-term growth outlook as its operating profit has decreased at an annual rate of 19.64% over the last five years.
In the broader market context, Jindal Worldwide's recent performance contrasts sharply with the Sensex, which has only declined by 1.12% over the past week and has gained 5.58% year-to-date. This underperformance suggests that investor sentiment towards Jindal Worldwide is particularly negative compared to the overall market. The stock's lack of traction is further evidenced by a significant drop in delivery volume, which has fallen by 46.75% against the five-day average. Despite having a relatively attractive valuation with a ROCE of 12.5 and trading at a discount compared to peers, the persistent negative financial indicators and low investor participation signal a lack of confidence in the company's future prospects.