Why is Jindal Worldwide falling/rising?

As of 24-Sep, Jindal Worldwide Ltd is experiencing a decline in its stock price, currently at 37.07, which reflects a decrease of 0.19 or 0.51%. The stock has been on a downward trend, losing value for the last three consecutive days with a total decline of 5.31% during this period. Additionally, Jindal Worldwide is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a weak performance. The stock has generated a return of -46.28% over the past year, and its profits have decreased by 6%. Despite a relatively attractive valuation with a ROCE of 12.5 and trading at a discount compared to peers, the company faces significant challenges, including a high Debt to EBITDA ratio and weak long-term fundamental strength, which contribute to its negative outlook.
In the broader market context, Jindal Worldwide's short-term performance has significantly underperformed compared to the Sensex, which has only declined by 1.18% over the past week while Jindal has dropped by 5.26%. This stark contrast highlights the stock's struggles relative to the market. Furthermore, the falling investor participation, as evidenced by a 45.84% drop in delivery volume, suggests a lack of confidence among investors. The low stake held by domestic mutual funds, at just 0.12%, further indicates that institutional investors may not be comfortable with the current price or the company's business prospects, reinforcing the stock's negative trajectory.