Why is Gorani Industrie falling/rising?

As of 02-Sep, Gorani Industries Ltd is experiencing a decline in its stock price, currently at Rs 92.90, reflecting a decrease of Rs 10.3 or 9.98%. The stock has underperformed its sector by 11.35% today and has been on a consecutive fall for the last two days, resulting in a total drop of 18.96%. Despite trading above its moving averages, the stock opened with a significant loss of 8.77% today and reached an intraday low of Rs 92.90. Over the past year, the stock has generated a return of -11.52%, while its profits have decreased by 60.3%. The company has a high Debt to EBITDA ratio of 2.97 times, indicating a low ability to service debt, which contributes to its weak long-term fundamental strength.
In the broader market context, Gorani Industries has shown a strong short-term performance with a 22.24% increase over the past month, while the benchmark Sensex has declined by 0.55%. However, the stock has consistently underperformed against the benchmark over the last three years, generating negative returns in each of the last three annual periods. This underperformance, coupled with flat results in June and low cash reserves, suggests that investor confidence may be waning, leading to the recent price decline despite some positive valuation metrics.