Why is GRP falling/rising?

As of 24-Jul, GRP Ltd's stock price is currently at 2,451.00, reflecting a decline of 78.0 points or 3.08%. The stock has underperformed its sector today by 3.07% and has experienced a trend reversal, falling after two consecutive days of gains. It reached an intraday low of Rs 2,451 and is trading below all key moving averages, indicating a bearish trend. Additionally, investor participation has decreased significantly, with delivery volume dropping by 76.83% compared to the five-day average. Over the past year, the stock has generated a return of -35.46%, while its profits have increased by 25.5%, suggesting a disconnect between stock performance and profitability growth. The company also faces challenges with a high Debt to EBITDA ratio of 2.87 times and a low Return on Equity of 9.13%, which may deter investors.
In the broader market context, GRP Ltd has underperformed the benchmark, with a one-year return of -35.46% compared to the Sensex's gain of 2.54%. This stark contrast highlights the stock's struggles relative to the overall market, particularly as the stock has seen a decline of 7.79% over the past month while the benchmark has slightly increased by 0.16%. The lack of domestic mutual fund investment, which stands at 0%, further indicates a lack of confidence among institutional investors, potentially contributing to the stock's downward pressure. Overall, the combination of poor short-term performance, high debt levels, and low investor participation suggests a challenging environment for GRP Ltd.