Why is Jindal Worldwide falling/rising?

As of 28-Jul, Jindal Worldwide Ltd is experiencing a decline in its stock price, currently at Rs. 39.56, which represents a decrease of 0.8 or 1.98%. The stock has hit a new 52-week low of Rs. 39.52 today and has been on a downward trend, losing 8.4% over the past week. Additionally, it has underperformed its sector by 1.09%. The stock is trading below all its moving averages, indicating a bearish sentiment. Despite a relatively attractive valuation with a ROCE of 12.5 and a low enterprise value to capital employed ratio, the company faces significant challenges, including a high Debt to EBITDA ratio of 2.81 times and poor long-term growth, with operating profit declining at an annual rate of 19.64% over the last five years. Furthermore, domestic mutual funds hold only 0.1% of the company, suggesting a lack of confidence in its current valuation.
In the broader market context, Jindal Worldwide's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.59% over the past week. The stock's year-to-date performance shows a staggering drop of 50.13%, while the Sensex has gained 3.52% during the same period. This underperformance is indicative of broader issues within the company, as it has consistently generated negative returns compared to the benchmark over the last year and three years. The combination of falling investor participation, poor financial results, and a lack of institutional interest contributes to the stock's ongoing decline.