Why is Jindal Worldwide falling/rising?

As of 21-Aug, Jindal Worldwide Ltd is experiencing a slight decline in its stock price, currently at 36.60, down by 0.01 (-0.03%). The stock has been underperforming recently, having fallen for the last two days with a total decrease of -0.19%. In terms of returns, the stock has shown a negative performance of -15.26% over the past month and a staggering -50.74% over the past year, significantly underperforming the Sensex, which has only declined by -0.24% and increased by +1.35% respectively over the same periods. Despite a very attractive valuation indicated by a ROCE of 12.5 and trading at a discount compared to peers, the stock's poor performance is compounded by a high Debt to EBITDA ratio of 2.81, indicating low ability to service debt, and a concerning trend of declining operating profits. Broader market context shows that while Jindal Worldwide has outperformed its sector by 0.27% today, its overall long-term performance remains below par, with negative returns in both the short and long term. The stock's liquidity appears adequate, but falling investor participation, as evidenced by a -2.86% drop in delivery volume, suggests waning interest. Additionally, the lack of significant investment from domestic mutual funds, holding only 0.12% of the company, may reflect a lack of confidence in the stock's future prospects. Overall, the combination of poor financial metrics, declining investor interest, and substantial underperformance relative to the broader market contributes to the stock's current downward trajectory.