Why is Jindal Worldwide falling/rising?

As of 19-Sep, Jindal Worldwide Ltd's stock price is currently at 39.15, reflecting an increase of 0.2 (0.51%). The stock has shown a strong performance in the short term, with a 7.88% increase over the past week and a 6.76% rise over the past month, significantly outperforming the Sensex, which has only increased by 0.88% and 1.20% respectively during those periods. However, the stock has a concerning long-term outlook, with a substantial decline of 50.65% year-to-date and a 43.69% drop over the past year. Despite its attractive valuation indicated by a ROCE of 12.5 and trading at a discount compared to peers, the company faces challenges such as a high Debt to EBITDA ratio and weak operating profit growth, which may dampen investor confidence.
In the broader market context, Jindal Worldwide's recent performance contrasts sharply with the Sensex, which has shown resilience with a 5.74% increase year-to-date. While the stock has outperformed its sector today, the overall trend indicates a lack of long-term investor confidence, as evidenced by the low participation from domestic mutual funds, holding only 0.12% of the company. This suggests that institutional investors may be wary of the company's fundamentals, particularly given its negative operating profit metrics and declining profits over the past year. Overall, while the stock has seen a short-term rise, the underlying issues may continue to weigh on its long-term performance.