Why is GRP falling/rising?

As of 04-Sep, GRP Ltd's stock price is currently at 2,013.25, reflecting a decline of 85.75 points or 4.09%. The stock has underperformed significantly, with a 1-week return of -6.14% and a 1-month return of -12.31%. Today's trading saw the stock reach an intraday high of Rs 2,190 but also dip to a low of Rs 1,981.85, indicating high volatility. The stock is now just 2.4% away from its 52-week low, and it has been trading below all key moving averages. Additionally, the company's ability to service debt is concerning, as evidenced by a high Debt to EBITDA ratio of 2.87 times and a significant drop in PAT for the latest quarter. Despite some long-term growth in operating profit, the overall financial health appears weak, with low profitability and minimal interest from domestic mutual funds.
In the broader market context, GRP Ltd's performance has been notably worse than the benchmark, with the Sensex showing a slight gain of 0.80% over the past week while GRP's stock has fallen. Over the last year, GRP has generated a return of -41.48%, starkly contrasting with the BSE500's decline of only -4.38%. This underperformance suggests that investor sentiment is negative, likely influenced by the company's high debt levels and poor profitability metrics, which have deterred institutional investment. The lack of confidence from domestic mutual funds, which hold no stake in the company, further underscores the market's cautious outlook on GRP Ltd.