Why is Gokul Refoils falling/rising?

As of 18-Nov, Gokul Refoils and Solvent Ltd's stock price is currently at Rs. 39.00, reflecting a decline of -0.91 or -2.28%. The stock has recently hit a new 52-week low of Rs. 38 and has been on a downward trend, losing -3.56% over the past four days. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating weak momentum. Despite positive financial results over the last three quarters, including a higher profit after tax and strong cash reserves, the stock has underperformed significantly with a -30.97% return over the past year, which contrasts sharply with the 26.3% increase in profits during the same period. The company’s high debt to EBITDA ratio and low return on equity further suggest fundamental weaknesses that may be contributing to the stock's decline.
In the broader market context, Gokul Refoils has underperformed the benchmark Sensex, which has gained +0.96% over the past week, while the stock itself has dropped -3.35%. This trend of underperformance is evident over multiple time frames, including a -3.94% return over the past month and a staggering -37.80% year-to-date. The stock's liquidity appears adequate, with rising delivery volumes, but the overall sentiment remains negative due to the company's weak long-term fundamentals and inability to service debt effectively. This combination of factors is likely leading investors to sell off shares, contributing to the stock's downward movement.