Why is Jindal Worldwide falling/rising?

As of 18-Jul, Jindal Worldwide Ltd's stock price is currently at Rs. 42.10, reflecting an increase of 0.55 (1.32%). The stock has recently experienced a trend reversal, gaining after 12 consecutive days of decline. However, it has hit a new 52-week low of Rs. 41 today. In terms of performance, the stock has underperformed significantly over the past month, with a decline of 27.26%, and a year-to-date drop of 46.93%. Despite a very attractive valuation indicated by a ROCE of 12.5 and a PEG ratio of 55.6, the company faces challenges such as a high Debt to EBITDA ratio of 2.81, which limits its ability to service debt, 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 short-term performance has been worse than the benchmark, with a 1-week return of -1.89% compared to the Sensex's -0.90%. The stock's liquidity appears adequate for trading, but the falling investor participation, evidenced by a 53.43% drop in delivery volume, raises concerns about market confidence. Additionally, the low stake held by domestic mutual funds, at only 0.1%, suggests a lack of comfort with the stock's current price or business outlook. Overall, while there are some positive valuation metrics, the stock's recent performance and broader market conditions indicate ongoing challenges.