Why is Jindal Worldwide falling/rising?

As of 15-Jul, Jindal Worldwide Ltd is experiencing a decline in its stock price, currently at Rs 42.31, which reflects a decrease of 0.48 or 1.12%. The stock has been underperforming significantly, with a consecutive fall over the last 10 days resulting in a total decline of 22.82%. It is also trading close to its 52-week low, just 1.73% above Rs 41.58. Over the past week, the stock has dropped by 10.81%, and its year-to-date performance shows a staggering decline of 46.67%. While the company has a relatively attractive valuation with a ROCE of 12.5 and a PEG ratio of 55.9, it faces challenges such as a high Debt to EBITDA ratio of 2.81 times and poor long-term growth, with operating profit declining at an annual rate of 19.64% over the last five years.
In the broader market context, Jindal Worldwide's performance contrasts sharply with the Sensex, which has gained 5.67% year-to-date. The stock's recent performance has been particularly poor compared to the benchmark, as it has underperformed the BSE500 over the last three years, one year, and three months. The stock's liquidity appears adequate, with a notable increase in delivery volume, but the low domestic mutual fund ownership suggests a lack of confidence in the stock's future prospects. Overall, the combination of declining returns, high debt levels, and underperformance relative to the market contributes to the stock's downward trajectory.