Why is Aarti Surfactant falling/rising?

As of 22-Sep, Aarti Surfactants Ltd is experiencing a decline in its stock price, currently at 485.40, which reflects a decrease of 4.25 or 0.87%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a total drop of 4.06% during this period. In terms of performance relative to the benchmark, the stock has underperformed significantly, with a year-to-date return of -23.94% compared to the Sensex's gain of 5.15%. Additionally, the stock's delivery volume has decreased by 27.48% against the five-day average, indicating falling investor participation. While there were positive results reported in June, including a higher PAT and net sales, the stock's overall performance has been hampered by a high Debt to EBITDA ratio and poor long-term growth metrics.
Broader Market Context: In the context of the broader market, Aarti Surfactants Ltd's recent performance contrasts sharply with the Sensex, which has shown a slight increase of 0.46% over the past week. The stock has consistently underperformed against the benchmark over the last three years, with a staggering -42.96% return in the past year alone. This underperformance, coupled with a declining ability to service debt and a negative growth trend in operating profit, suggests that investor sentiment is likely influenced by concerns over the company's financial health and long-term viability. Overall, the combination of these stock-specific factors and the broader market context contributes to the stock's current downward trajectory.