Why is Jindal Worldwide falling/rising?

As of 28-Aug, Jindal Worldwide Ltd's stock price is currently at Rs 34.48, reflecting a decrease of Rs 0.56 or 1.6%. The stock has been on a downward trend, having fallen consecutively for the last six days, resulting in a total decline of 5.97% during this period. It is also trading close to its 52-week low, just 1.54% away from Rs 33.95. Over the past week, Jindal Worldwide has underperformed its sector by 1.8%, and its returns over the last month and year have been significantly negative at -12.84% and -53.72%, respectively. The company's financial health is concerning, with a high Debt to EBITDA ratio of 2.81 times and a poor long-term growth outlook, as indicated by an annual operating profit decline of 18.86% over the last five years. Despite having a relatively attractive valuation with a ROCE of 12.5, the stock's performance has been hindered by a lack of investor confidence, as evidenced by the minimal stake held by domestic mutual funds.
In the broader market context, Jindal Worldwide's recent performance contrasts sharply with the benchmark Sensex, which has seen a decline of only 2.34% over the past week. This underperformance is indicative of the stock's struggles, particularly as it has generated a staggering -56.54% return year-to-date, while the Sensex has gained 2.48% in the same timeframe. The company's inability to service its debt effectively and the negative results reported in June further exacerbate its challenges, leading to a lack of investor interest and confidence in its future prospects. Overall, the combination of poor financial metrics, declining returns, and a lack of institutional support contributes to the stock's downward trajectory.