Why is GRP falling/rising?

As of 04-Aug, GRP Ltd's stock price is currently at 2,326.65, reflecting an increase of 48.35, or 2.12%. Today's price summary indicates that the stock opened lower, down by 2.91%, but reached an intraday high of Rs 2,326.65, marking a 2.12% increase. Despite this rise, the stock has underperformed its sector by 0.51%. Over the past week, GRP has shown a modest gain of 0.42%, but it has significantly lagged behind in the longer term, with a 14.30% decline over the past month and a staggering 36.64% drop over the past year. The company's financial health is concerning, highlighted by a high Debt to EBITDA ratio of 2.87 times and a recent PAT decline of 77.2% compared to the previous four-quarter average, which negatively impacts investor sentiment.
Broader Market Context: In comparison to the benchmark Sensex, GRP's short-term performance has been relatively better, as it has gained 0.42% over the past week while the Sensex increased by only 0.16%. However, the stock's long-term performance is troubling, with a year-to-date decline of 28.63% against the Sensex's gain of 3.69%. The broader market context shows that while the Rubber Products sector has gained by 2.59%, GRP's liquidity remains low, with a significant drop in delivery volume. The lack of domestic mutual fund investment further indicates a lack of confidence in the stock, suggesting that investors may be cautious about its valuation and future growth prospects.