Why is Basant Agro Tech falling/rising?

As of 14-Jul, Basant Agro Tech (India) Ltd is experiencing a decline in its stock price, currently at 14.31, reflecting a decrease of 0.4 or 2.72%. The stock has underperformed its sector by 3.36% today and has been on a downward trend for the last two days, with a total return drop of 6.41% during this period. Over the past week, the stock has decreased by 7.08%, and it has significantly underperformed the benchmark, the Sensex, which has only fallen by 1.42%. Additionally, while the stock has a relatively attractive valuation with a ROCE of 6.5 and is trading at a discount compared to its peers, it has generated a negative return of 34.09% over the past year, despite a 6.4% increase in profits. This suggests that the market may be concerned about the company's long-term growth potential, especially given its weak fundamentals and high debt levels.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 5.27% year-to-date, while Basant Agro Tech has declined by 21.33% in the same period. This consistent underperformance against the benchmark over the last three years indicates a lack of investor confidence, compounded by the company's poor long-term growth metrics, such as a low annual growth rate in net sales and operating profit. The high Debt to EBITDA ratio of 3.35 times further raises concerns about the company's ability to service its debt, contributing to the negative sentiment surrounding the stock.