Why is Chemplast Sanmar falling/rising?

As of 11-Aug, Chemplast Sanmar Ltd's stock price is currently at 405.75, reflecting a decrease of 6.4 points or 1.55%. The stock has underperformed its sector today by 2.59%, touching an intraday low of Rs 402.75. It is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has declined by 1.19%, and it has experienced a significant drop of 18.68% year-to-date, contrasting sharply with the Sensex, which has gained 3.15% during the same period. The company has also reported negative results for the last four consecutive quarters, with a high Debt to EBITDA ratio of 8.50 times, which raises concerns about its ability to service debt. Furthermore, the stock's performance has been hindered by poor long-term growth metrics, including a decline in net sales and operating profit.
In the broader market context, Chemplast Sanmar's recent performance has been notably weaker compared to the benchmark, as it has consistently underperformed against the BSE500 over the last three years. While the Sensex has shown resilience with a positive return of 1.13% over the past year, Chemplast Sanmar has faced a substantial decline of 21.52%. This consistent underperformance, coupled with falling investor participation—evidenced by a 49.03% drop in delivery volume—suggests a lack of confidence among investors. Despite having high management efficiency and institutional holdings, the negative operating profits and poor financial results have overshadowed these positives, contributing to the stock's downward trajectory.