Why is Axel Polymers falling/rising?

As of 25-Sep, Axel Polymers Ltd is experiencing a decline in its stock price, currently at Rs 51.51, which reflects a decrease of 3.89 (-7.02%). The stock has underperformed its sector today by 5.84%, opening with a significant loss of 7.94% and reaching an intraday low of Rs 51. In terms of performance over the past week, the stock has dropped by 6.35%, and over the past year, it has generated a return of -18.11%. Despite a recent rise in investor participation, indicated by a 24.92% increase in delivery volume, the company faces challenges such as high debt levels, with a debt-to-equity ratio of 2.31, and weak long-term fundamental strength. Additionally, while the stock is trading at a discount compared to its peers, its recent financial results show a drastic decline in net sales, which fell by 72.30% in the last quarter.
Broader market context indicates that the stock has consistently underperformed against the benchmark, with a return of -18.11% over the past year compared to a -4.71% return for the Sensex. In the short term, the stock's performance has been notably weaker than the benchmark, which has seen a decline of only 2.23% over the past week. This consistent underperformance, coupled with flat financial results and high debt levels, contributes to a negative outlook for Axel Polymers Ltd, leading to its current price decline.