Why is Bodal Chemicals falling/rising?

As of 26-Aug, Bodal Chemicals Ltd is experiencing a decline in its stock price, currently at 65.53, reflecting a decrease of 0.47 or 0.71%. The stock has been on a downward trend, losing value for the last four consecutive days and showing a total decline of 4.41% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating weak momentum. Despite reporting positive operating profit growth and strong quarterly results, the stock has underperformed significantly over the past year, with a return of -18.44%, while profits have increased substantially. However, concerns about long-term fundamental strength, including a high Debt to EBITDA ratio and minimal domestic mutual fund investment, contribute to the stock's negative sentiment.
In the broader market context, Bodal Chemicals' short-term performance has been notably worse than the benchmark, with a 1-week return of -4.35% compared to the Sensex's -1.05%. This consistent underperformance against the benchmark over the last three years further exacerbates investor concerns. The stock's weak liquidity, as evidenced by a decline in delivery volume, also suggests a lack of confidence among investors. Overall, while the company has shown some positive operational metrics, the combination of weak long-term growth prospects and poor market sentiment has led to the stock's current decline.