Why is JSW Energy falling/rising?

As of 06-Aug, JSW Energy Ltd's stock price is currently at Rs 532.15, reflecting a decrease of Rs 5.5 or 1.02%. The stock has been underperforming, having lost 1.09% over the last two days, and it reached an intraday low of Rs 521.95. Despite a healthy long-term growth rate in operating profit of 21.51% and high institutional holdings at 23.8%, the company faces significant challenges. Poor management efficiency is indicated by a low Return on Capital Employed (ROCE) of 7.34% and a high Debt to EBITDA ratio of 4.71 times, which suggests a low ability to service debt. Additionally, the stock has underperformed the market significantly over the past year, generating a return of -21.97% compared to the benchmark's positive return of 0.35%.
In the broader market context, while the stock has shown some resilience in the short term with a 1.17% gain over the past week, it has still lagged behind the Sensex, which declined by 1.15% during the same period. The stock's performance is further complicated by its flat results in June, where the ROCE was at its lowest and the debt-equity ratio was at its highest. This combination of factors, including a very expensive valuation relative to its peers and a high PEG ratio of 3.8, contributes to the stock's current downward trend, indicating that investors may be cautious about its future profitability and financial stability.