Why is Chemplast Sanmar falling/rising?

As of 29-Sep, Chemplast Sanmar Ltd's stock price is currently at Rs 393.40, reflecting a decline of Rs 26.3 or 6.27%. The stock has underperformed significantly, with a 1-week return of -6.95% and a 1-month return of -7.86%. Today's performance indicates that the stock is close to its 52-week low, being only 3.41% away from Rs 380, and it has experienced high volatility with an intraday low of Rs 380.2, marking a drop of 9.41%. The company has shown poor financial performance, with negative results for the last four consecutive quarters and a high Debt to EBITDA ratio of 8.50 times, indicating a low ability to service its debt. Additionally, the stock has generated a return of -22.72% over the past year, while its profits have fallen by 181.3%, contributing to its current downward trend.
In the broader market context, Chemplast Sanmar's recent performance contrasts sharply with the benchmark, as the Sensex has gained 2.85% year-to-date while Chemplast has declined by 21.15%. This underperformance is further highlighted by the stock's negative returns over various periods compared to the benchmark. Despite a rise in investor participation, as evidenced by an 86.65% increase in delivery volume, the overall sentiment remains bearish due to the company's poor long-term growth prospects and negative operating profits. The high institutional holdings may provide some stability, but the underlying financial issues continue to weigh heavily on the stock's performance.