Why is Bella Casa Fashi falling/rising?

As of 26-Aug, Bella Casa Fashion & Retail Ltd is experiencing a decline in its stock price, currently at 399.05, reflecting a decrease of 7.1 points or 1.75%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total drop of 8.07%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite outperforming its sector by 0.82% today, the stock has seen a significant decline of 5.26% over the past month and 22.34% year-to-date. The company has reported positive financial results over the last six quarters, with a 41.25% growth in profit after tax and a 31.16% increase in net sales. However, the high Debt to EBITDA ratio of 2.87 times raises concerns about its ability to service debt, contributing to negative sentiment around the stock.
In the broader market context, Bella Casa's recent performance contrasts sharply with the benchmark, as the Sensex has only fallen by 1.05% over the past week and 0.83% over the past month. The stock's year-to-date performance of -22.34% is significantly worse than the benchmark's positive return of 3.39%. This underperformance, coupled with the overall decline in the textile sector by 2.54%, suggests that investor confidence is waning. Although there has been a rise in delivery volume, indicating increased investor participation, the overall market sentiment remains cautious due to the company's high debt levels and poor long-term growth prospects, which have led to a lack of support for the stock price.