Why is Godrej Agrovet falling/rising?

As of 10-Nov, Godrej Agrovet Ltd. is experiencing a decline in its stock price, currently at Rs. 588.00, reflecting a decrease of -2.45 (-0.41%). The stock has hit a new 52-week low of Rs. 578.95 today and has been on a downward trend for the past seven days, accumulating a total loss of -11.82% during this period. In the last week, the stock has underperformed significantly, with a return of -11.06%, compared to a minor decline of -0.53% in the Sensex. Additionally, the company has a high Debt to EBITDA ratio of 6.42 times, indicating a low ability to service its debt, which contributes to negative sentiment among investors. Despite a rise in profits by 9.8% over the past year, the stock has generated a return of -18.60%, reflecting poor long-term growth prospects.
Broader Market Context: In the context of the broader market, Godrej Agrovet's performance has been notably weaker than the benchmark indices. While the Sensex has shown a positive return of +1.25% over the past month, Godrej Agrovet has declined by -11.12% in the same timeframe. This stark contrast highlights the stock's struggles relative to the market, further compounded by its underperformance over the past year and three years. The company's flat results in recent quarters, including a significant drop in PAT by -17.6%, and low inventory turnover ratio, suggest ongoing operational challenges that may deter investor confidence and contribute to the stock's declining trend.