Why is HCP Plastene falling/rising?

As of 24-Jul, HCP Plastene Bulkpack Ltd's stock price is currently at Rs 204.35, reflecting a decrease of Rs 10.65 or 4.95%. Today's price summary indicates that the stock has underperformed its sector by 4.99% and has experienced a trend reversal after nine consecutive days of gains. The stock touched an intraday low of Rs 204.35, with a weighted average price showing more volume traded close to this low. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 12.00% and 17.17%, respectively. However, the company faces challenges, including a high debt-to-equity ratio and poor long-term growth, as evidenced by a significant decline in net sales and operating profit over the past five years.
In the broader market context, while HCP Plastene has outperformed the Sensex with a year-to-date return of 33.56% compared to the index's 5.18%, the recent decline indicates a potential correction after a strong upward trend. The stock's performance today contrasts with the benchmark's slight decline of 0.09% over the past week, suggesting that while the stock has been strong overall, current pressures may be leading to a short-term pullback. The company's high management efficiency and significant profit growth in recent quarters provide a positive outlook, but the ongoing issues related to debt and long-term growth may be weighing on investor sentiment, contributing to the current price drop.