Why is JSW Energy falling/rising?

As of 30-Jul, JSW Energy Ltd is currently priced at 526.00, reflecting an increase of 1.15 (0.22%). The stock has been gaining for the last two days, with a total return of 1.72% during this period. However, over the past week, the stock has underperformed slightly with a return of -1.44%, while it has shown a modest gain of 0.88% over the past month. Despite this recent uptick, the stock has experienced significant declines over the longer term, with a year-to-date drop of -18.14% and a one-year decline of -26.46%. The company's high institutional holdings at 23.8% indicate a level of confidence among larger investors, but the weak long-term fundamentals, including a low Return on Capital Employed (ROCE) of 7.34% and a high Debt to EBITDA ratio of 4.71 times, raise concerns about its growth potential.
In the broader market context, the stock's recent performance is somewhat in line with the benchmark, as the Sensex has also seen a slight decline of -1.50% over the past week. However, the stock's long-term performance has been significantly worse than the market, with a one-year return of -26.46% compared to the Sensex's minimal gain of 0.03%. This underperformance highlights the challenges faced by JSW Energy in a market that has generally been more resilient. The company's negative financial results, including a substantial drop in profit before tax and a low ROCE, contribute to its struggles, suggesting that while there may be short-term gains, the long-term outlook remains concerning.