Why is Electronics Mart falling/rising?

As of 23-Sep, Electronics Mart India Ltd is currently priced at 161.15, reflecting a decrease of 2.25, or 1.38%. The stock has recently underperformed its sector by 1.55% and has experienced a trend reversal, falling after three consecutive days of gains. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 7.68% and 22.97%, respectively. However, the stock has generated a negative return of 22.60% over the past year, with profits declining by 44.9%. The company has a high Debt to EBITDA ratio of 3.76 times, indicating a low ability to service its debt, which may contribute to investor concerns. Additionally, the stock is trading at a discount compared to its peers, but it has declared negative results for the last four consecutive quarters, further impacting investor sentiment.
In the broader market context, the Sensex has shown a slight decline of 0.34% over the past week, while Electronics Mart has outperformed this benchmark significantly in the same period. However, the stock's year-to-date performance is down by 1.71%, contrasting with the Sensex's gain of 5.07%. The high institutional holdings at 24.41% suggest that knowledgeable investors are involved, yet the company's poor long-term growth prospects and recent negative financial results may overshadow this support. Overall, while there are some positive indicators such as rising investor participation and favorable moving averages, the combination of high debt levels and declining profits appears to be driving the stock's recent downward movement.