Why is Bella Casa Fashi falling/rising?

As of 21-Aug, Bella Casa Fashion & Retail Ltd's stock price is currently at 407.15, reflecting an increase of 3.05 (0.75%). Today, the stock opened with a significant gain of 15.81% and reached an intraday high of Rs 468, indicating strong initial investor interest. However, despite this positive movement today, the stock has underperformed in the short term, with a 1-week return of -1.86% and a 1-month return of -5.76%. The company has reported positive results for the last six consecutive quarters, with net sales growing by 21.71% and profits rising by 49.2%, which suggests a strong operational performance. Nonetheless, the stock's high Debt to EBITDA ratio of 2.87 times raises concerns about its ability to service debt, which may be contributing to investor caution.
In the broader market context, the Sensex has shown a positive return of +1.74% over the past week, contrasting with Bella Casa's recent decline. This indicates that while the overall market is performing well, Bella Casa is lagging behind, which may be influencing investor sentiment negatively. Additionally, the stock's performance over the year has been poor, with a return of -11.24%, despite its attractive valuation and positive earnings growth. The falling investor participation, as evidenced by a significant drop in delivery volume, further suggests that market confidence in the stock may be waning, contributing to its volatility and recent price movements.