Why is Ester Industries falling/rising?

As of 25-Jul, Ester Industries Ltd is experiencing a decline in its stock price, currently at 121.55, which reflects a decrease of 1.8 or 1.46%. The stock has underperformed its sector by 0.69% today and has fallen after two consecutive days of gains, touching an intraday low of Rs 118.55. In terms of returns, the stock has shown a negative performance over the past week and month, with declines of 1.30% and 5.26%, respectively. Despite positive results in net sales and profit growth over the last four quarters, the stock's long-term fundamentals appear weak, particularly with a significant decline in operating profits over the past five years and a high debt-to-EBITDA ratio, which may be contributing to investor concerns.
In the broader market context, the stock's recent performance contrasts with the benchmark, as the Sensex has only declined by 0.36% over the past week and 1.56% over the past month. While Ester Industries has generated a return of 13.07% over the past year, outperforming the broader market's negative returns, the current downward trend and weak long-term fundamentals may be causing investors to reassess their positions. The limited interest from domestic mutual funds, holding only 0.03% of the company, further indicates a lack of confidence in the stock's valuation, potentially leading to its current price decline.