Why is Ester Industries falling/rising?

As of 31-Jul, Ester Industries Ltd is experiencing a decline in its stock price, currently at Rs 114.05, which reflects a decrease of Rs 9.2 or 7.46%. The stock has underperformed its sector by 6.83% today, following a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 112.7, indicating significant volatility with an intraday fluctuation of 6.82%. Over the past week, the stock has decreased by 7.54%, and its year-to-date performance shows a substantial decline of 25.16%. Despite a notable increase in profits by 119.7% over the past year, the stock's return has been negative at -20.83%, compounded by weak long-term fundamentals, including a high Debt to EBITDA ratio and a low Return on Capital Employed.
In the broader market context, Ester Industries has consistently underperformed against the benchmark, with a year-to-date return of -25.16% compared to the Sensex's positive return of 3.90%. This underperformance is further highlighted by the stock's negative returns over the last three years, where it has lagged behind the BSE500 in each annual period. The limited interest from domestic mutual funds, holding only 0.03% of the company, suggests a lack of confidence in the stock's valuation or business prospects, contributing to its downward pressure in the market.