Why is Eveready Inds. falling/rising?

As of 10-Nov, Eveready Industries India Ltd is experiencing a decline in its stock price, currently at Rs 345.10, which represents a decrease of Rs 21.9 or 5.97%. The stock has underperformed significantly today, with a performance that is 9.64% lower than its sector. It reached an intraday low of Rs 343.3, reflecting high volatility with an intraday fluctuation of 5.2%. Over the past week, the stock has dropped by 9.45%, and it has consistently underperformed against the benchmark indices, showing a year-to-date decline of 12.10% compared to a 6.91% increase in the Sensex. The company's financial health is concerning, highlighted by a high Debt to EBITDA ratio of 4.33 times and a Debt-Equity ratio of 3.92 times, which indicates a low ability to service debt. Despite a rise in profits by 18.6% over the past year, the stock's negative returns and poor long-term growth prospects, with an annual operating profit decline of 3.50% over the last five years, contribute to its downward movement.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 1.25% over the past month. While the battery sector has seen a positive movement of 3.28%, Eveready Industries has not benefited from this trend, indicating a lack of investor confidence. The stock's liquidity remains adequate for trading, but a decline in delivery volume by 4.18% against the five-day average suggests waning investor interest. Overall, the combination of high debt levels, consistent underperformance against benchmarks, and negative sentiment in the market has led to the stock's current decline.