Why is Jindal Worldwide falling/rising?

As of 01-Sep, Jindal Worldwide Ltd's stock price is currently at 36.66, reflecting a decrease of 0.63, or 1.69%. The stock has underperformed its sector today by 2.73%. In terms of recent performance, the stock has shown a 1.78% increase over the past week, but it has declined by 7.21% over the last month. Year-to-date, the stock has significantly underperformed with a drop of 53.79%. Despite a very attractive valuation indicated by a ROCE of 12.5 and a favorable enterprise value to capital employed ratio, the stock's negative trajectory is influenced by a high Debt to EBITDA ratio of 2.81, indicating low ability to service debt. Additionally, the stock has generated a return of -51.20% over the past year, with profits falling by 6%, which raises concerns about its long-term growth potential.
In the broader market context, Jindal Worldwide's recent performance contrasts sharply with the benchmark Sensex, which has gained 2.85% year-to-date. The stock's underperformance is evident as it has lagged behind the BSE500 over the last three years, one year, and three months. This disparity may contribute to the lack of confidence from domestic mutual funds, which hold only 0.12% of the company, suggesting discomfort with the stock's current price or business outlook. Overall, the combination of poor financial metrics, high debt levels, and significant underperformance relative to the market has led to a decline in Jindal Worldwide's stock price.