Why is Ester Industries falling/rising?

As of 05-Sep, Ester Industries Ltd is currently priced at Rs 116.55, reflecting a decline of Rs 2.75 or 2.31%. The stock has underperformed its sector by 2.48% today, marking a trend reversal after four consecutive days of gains. It reached an intraday low of Rs 116.55, with trading volume concentrated near this low price. Over the past week, the stock has shown a return of +7.87%, while its performance over the last month is +6.83%. Despite a significant increase in profits by 119.7% over the past year, the stock has generated a negative return of -17.08%, indicating weak long-term fundamental strength, particularly with a -19.29% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 6.67 times.
In the broader market context, the Sensex has increased by 1.13% over the past week, contrasting with Ester Industries' performance. While the stock has shown some positive short-term returns, its long-term performance remains concerning, as it has underperformed the BSE500 over various time frames. The low stake held by domestic mutual funds, at only 0.03%, suggests a lack of confidence in the stock's valuation or business prospects, further contributing to its downward pressure. Overall, the combination of recent price declines, weak fundamentals, and underperformance relative to the market has led to the current negative sentiment surrounding Ester Industries Ltd.