Why is GRP falling/rising?

As of 25-Jul, GRP Ltd's stock price is currently at 2,450.00, reflecting a decrease of 1.0 (-0.04%). The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 3.12% during this period. Although the stock opened with a gain of 8.11% today and reached an intraday high of Rs 2,649.8, it also faced significant volatility, trading within a wide range of Rs 260.2. Over the past week, GRP has underperformed the market with a return of -1.56%, compared to the Sensex's decline of only -0.36%. The company's financials indicate a healthy long-term growth in operating profit, but it also faces challenges such as a high Debt to EBITDA ratio of 2.87 times and a low Return on Equity of 9.13%, which may contribute to investor concerns.
Broader Market Context: In the context of the broader market, GRP Ltd has significantly underperformed over the past year, with a return of -34.23% compared to the Sensex's modest gain of 1.78%. This stark contrast suggests that while the overall market has shown resilience, GRP's stock has struggled, leading to a lack of confidence among investors. The low participation from domestic mutual funds, which hold 0% of the company, further indicates a lack of comfort with the stock's valuation and business prospects. Despite some positive growth indicators, such as increased profits, the overall sentiment remains cautious, contributing to the stock's recent price decline.