Why is Jindal Worldwide falling/rising?

As of 22-Jul, Jindal Worldwide Ltd's stock price is currently at Rs 41.44, reflecting a decrease of Rs 1.75 or 4.05%. The stock has underperformed significantly, with a 1-week return of -2.06% and a 1-month return of -27.43%. Today's trading saw the stock open with a gain of 3.47%, reaching an intraday high of Rs 44.69, but it ultimately fell to a low of Rs 41.19. The stock is now just 1.06% away from its 52-week low and has been highly volatile, with an intraday volatility of 6.18%. Additionally, the stock's performance has been poor over the past year, generating a return of -44.55%, while its profits have only slightly increased by 0.3%. The company's high Debt to EBITDA ratio of 2.81 times raises concerns about its ability to service debt, contributing to negative sentiment among investors.
In the broader market context, Jindal Worldwide's recent performance contrasts sharply with the benchmark Sensex, which has shown a slight increase of 5.18% year-to-date. The stock's significant underperformance, both in the short term and over the past year, indicates a lack of investor confidence, as evidenced by the low participation from domestic mutual funds, which hold only 0.1% of the company. This lack of institutional interest may reflect concerns about the company's long-term growth prospects, as indicated by a decline in operating profit over the past five years. Overall, the combination of high debt levels, poor recent financial results, and a significant drop in stock value has led to a negative outlook for Jindal Worldwide Ltd.