Why is Dhampur Bio falling/rising?

As of 22-Sep, Dhampur Bio Organics Ltd's stock price is currently at Rs 83.30, reflecting a decrease of Rs 2.12 or 2.48%. The stock has underperformed its sector by 1.93% today and has experienced a trend reversal after four consecutive days of gains. It touched an intraday low of Rs 83.12, indicating a decline of 2.69%. Over the past month, the stock has declined by 5.88%, and its year-to-date performance shows a significant drop of 27.28%. The company's return on capital employed (ROCE) stands at a low 3.8%, and its profits have plummeted by 116.7% over the past year, contributing to the stock's negative momentum. Additionally, the high debt-to-EBITDA ratio of 7.92 times raises concerns about the company's ability to service its debt, further impacting investor sentiment.
In the broader market context, the stock's short-term performance shows a slight increase of 0.36% over the past week, while the benchmark Sensex has gained 0.46% in the same period. However, the stock has consistently underperformed against the benchmark over the last three years, with a staggering decline of 51.46% compared to the Sensex's rise of 38.97%. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects, potentially exacerbating the stock's downward trend. Overall, the combination of weak fundamentals, declining profits, and poor market sentiment has contributed to the stock's current decline.