Why is Jindal Worldwide falling/rising?

As of 24-Jul, Jindal Worldwide Ltd's stock price is currently at Rs. 40.45, reflecting a decrease of -0.91, or -2.2%. The stock has recently hit a new 52-week low of Rs. 40.16 and has been on a downward trend, having fallen for three consecutive days, resulting in a total decline of -6.34% during this period. In terms of performance relative to benchmarks, Jindal Worldwide has underperformed significantly, with a one-week return of -2.65% compared to the Sensex's slight decline of -0.09%. The stock's long-term performance is also concerning, with a staggering -49.01% return year-to-date and -45.04% over the past year. Factors contributing to this decline include 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 recent performance contrasts sharply with the Sensex, which has shown a modest gain of +5.18% year-to-date. The stock's liquidity appears to be diminishing, as evidenced by a significant drop in delivery volume, which fell by -60.57% against the five-day average. Additionally, domestic mutual funds hold only a minimal stake of 0.1% in the company, suggesting a lack of confidence in its valuation or business prospects. Overall, the combination of poor financial metrics, declining investor interest, and significant underperformance against market benchmarks has led to the stock's continued decline.