Why is Jubilant Ingrev. falling/rising?

As of 06-Nov, Jubilant Ingrevia Ltd's stock price is currently at 664.75, reflecting a decline of 24.7 points or 3.58%. The stock has been underperforming, having lost 3.93% over the last two days and is trading below all key moving averages. Additionally, the stock's performance over the past week shows a decrease of 4.70%, while its year-to-date return stands at -19.27%. Despite a significant rise in profits by 64.1% over the past year, the stock has generated a negative return of -11.48%, indicating poor long-term growth prospects. The company's high Debt-to-Equity ratio and low Debtors Turnover ratio further contribute to concerns about its financial health, overshadowing its ability to service debt effectively.
In the broader market context, Jubilant Ingrevia's recent performance contrasts with the Sensex, which has seen a decline of only 1.30% over the same week. This underperformance suggests that investor sentiment towards Jubilant Ingrevia is particularly negative compared to the overall market. The stock's falling investor participation, with a significant drop in delivery volume, indicates a lack of confidence among traders. While high institutional holdings may provide some stability, the overall trend of the stock suggests that it is struggling to attract retail investors, leading to its current downward trajectory.