Why is Gulshan Polyols falling/rising?

As of 01-Oct, Gulshan Polyols Ltd is experiencing a decline in its stock price, currently at Rs 146.85, reflecting a decrease of -0.35 (-0.24%). The stock has underperformed the sector by -0.53% today and has been on a downward trend, losing -1.18% over the last two days. It is trading lower than all its moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), and its delivery volume has significantly dropped by -56.38% compared to the 5-day average. Over the past year, the stock has generated a return of -36.97%, despite a 21.9% increase in profits, indicating a disconnect between profitability and stock performance. The company also faces challenges such as a high Debt to EBITDA ratio of 4.85 times and low profitability, with a Return on Equity averaging only 3.52%.
In the broader market context, the stock has underperformed against the benchmark, with a -5.17% return over the past week compared to the Sensex's -0.90%. This consistent underperformance over the last three years, alongside the lack of investment from domestic mutual funds, suggests a lack of confidence in the stock's future prospects. While the company has shown positive growth in profit before tax and net sales, the overall sentiment remains cautious due to its high debt levels and poor long-term growth potential.