Why is Aarti Surfactant falling/rising?

As of 12-Nov, Aarti Surfactants Ltd is experiencing a decline in its stock price, currently at Rs 468.80, reflecting a decrease of Rs 6.0 or 1.26%. The stock has underperformed its sector by 2.34% today and has been on a downward trend for the last two days, with a total decline of 4.47%. It reached an intraday low of Rs 460.5, which is a drop of 3.01%. Over the past week, the stock has shown a modest increase of 1.35%, but its year-to-date performance remains significantly negative at -26.54%. Despite positive results in the last three quarters, including a 196.37% growth in PAT and a 34.26% increase in net sales, the company faces challenges such as a high Debt to EBITDA ratio of 2.84 times, which indicates a low ability to service debt and contributes to poor long-term growth prospects.
In the broader market context, Aarti Surfactants has consistently underperformed against the benchmark, with a return of -31.55% over the past year compared to the Sensex's gain of 8.10%. While the stock has shown some positive movement in the short term, its long-term performance has been lackluster, with a decline of 35.09% over the last three years. This consistent underperformance against the benchmark, coupled with the company's high debt levels and poor growth rates, suggests that investor sentiment may be cautious, contributing to the current decline in stock price.