Why is Ester Industries falling/rising?

As of 11-Aug, Ester Industries Ltd is experiencing a decline in its stock price, currently at Rs. 104.00, which represents a decrease of Rs. 2.2 or 2.07%. The stock has recently hit a new 52-week low of Rs. 103 and has underperformed its sector by 3.78%. Over the past week, the stock has fallen by 5.11%, and its performance over the last month shows a significant decline of 17.26%. Key negative indicators include a consecutive fall over the last two days, with a total drop of 4.59%, and the stock is trading below all major moving averages. Additionally, the company's weak long-term fundamentals, highlighted by a -19.29% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 6.67 times, contribute to investor concerns. Despite a notable increase in profits of 119.7% over the past year, the stock's overall return of -29.20% indicates a lack of confidence among investors.
In the broader market context, the Sensex has only declined by 0.51% over the past week, contrasting sharply with Ester Industries' performance. This significant underperformance suggests that the stock is not only struggling in the short term but also lagging behind the overall market trends. The low participation from domestic mutual funds, holding only 0.03% of the company, further indicates a lack of confidence in the stock's prospects. Overall, the combination of poor short-term returns, weak fundamentals, and low investor participation paints a concerning picture for Ester Industries, leading to its current price decline.