Why is Jindal Worldwide falling/rising?

As of 21-Jul, Jindal Worldwide Ltd's stock price is currently at Rs 43.19, reflecting an increase of Rs 1.09 or 2.59%. The stock has been gaining for the last two days, with a total return of 3.95% during this period. It has outperformed its sector by 3.01% today and reached an intraday high of Rs 43.5. However, the stock has shown a significant decline over the past month, with a return of -24.36%, and has underperformed in the longer term, generating -42.36% returns over the last year. While the company has a very attractive valuation with a ROCE of 12.5 and is trading at a discount compared to its peers, it also faces challenges such as a high Debt to EBITDA ratio of 2.81, indicating low 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 relatively better than the benchmark, as it gained 0.93% over the past week while the Sensex saw a slight decline of -0.06%. Despite this short-term outperformance, the stock's long-term performance remains concerning, as it has significantly lagged behind the benchmark indices, including a -45.56% return year-to-date compared to the Sensex's +5.20%. The lack of confidence from domestic mutual funds, which hold only 0.1% of the company, further underscores the market's cautious stance on Jindal Worldwide, suggesting that investors may be wary of the company's future prospects despite its current price increase.