Why is Jindal Worldwide falling/rising?

As of 16-Jul, Jindal Worldwide Ltd's stock price is currently at Rs. 41.84, reflecting a decrease of Rs. 0.47 or 1.11%. The stock has been on a downward trend, having fallen for the last 11 consecutive days, resulting in a total decline of 23.68% during this period. Additionally, it has reached a new 52-week low of Rs. 41.57 today. Over the past year, the stock has generated a return of -40.27%, significantly underperforming the benchmark Sensex, which has increased by 2.38%. The company's financial metrics indicate a high Debt to EBITDA ratio of 2.81, suggesting a low ability to service debt, and its operating profit has declined at an annual rate of -19.64% over the last five years, contributing to negative sentiment around the stock.
In the broader market context, Jindal Worldwide's short-term performance has been notably poor compared to the Sensex, which has only declined by 1.08% over the past week. The stock's performance has also lagged behind the BSE500 index over various time frames, including the last three years and one year. Despite a rising delivery volume indicating some investor interest, the overall market perception remains cautious, particularly given the company's flat financial results and minimal domestic mutual fund investment, which may signal a lack of confidence in the stock's future performance.