Why is Haldyn Glass falling/rising?

As of 16-Sep, Haldyn Glass Ltd is experiencing a decline in its stock price, currently at 100.15, which reflects a decrease of 9.2 points or 8.41%. The stock has underperformed its sector today by 7.66%, following a trend reversal after two consecutive days of gains. It reached an intraday low of Rs 98.15, indicating significant volatility with an intraday fluctuation of 5.67%. Over the past week, the stock has fallen by 7.70%, and its year-to-date performance shows a substantial decline of 31.47%. Despite a healthy long-term growth outlook, as evidenced by a strong operating profit growth rate of 48.79%, the stock has generated a negative return of 40.07% over the past year, coupled with a 6.9% decline in profits.
In the broader market context, Haldyn Glass's recent performance contrasts sharply with the Sensex, which has increased by 1.58% over the past week and 5.43% year-to-date. This divergence highlights the stock's struggles despite its attractive valuation and strong debt servicing ability, as indicated by a low Debt to EBITDA ratio of 1.09 times. The falling investor participation, with a 22.35% drop in delivery volume against the 5-day average, further exacerbates the stock's challenges. Overall, while the company shows potential for long-term growth, the current market sentiment and performance metrics suggest a bearish outlook for Haldyn Glass Ltd.