Why is High Energy Bat. falling/rising?

As of 22-Jul, High Energy Batteries (India) Ltd is experiencing a decline in its stock price, currently at Rs 706.45, reflecting a decrease of Rs 14.4 or 2.0%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total return of -8.25% over that period. Today, it opened with a loss of 2% and has not fluctuated beyond this price point, indicating a lack of upward momentum. Additionally, the stock's delivery volume has decreased significantly, down by 46.09% compared to the five-day average, suggesting a decline in investor participation. Despite these challenges, the company maintains a strong ability to service its debt, as evidenced by a low Debt to EBITDA ratio of 0.57 times, which could provide some stability in the face of recent price declines.
In the broader market context, the stock's short-term performance is notably worse than the benchmark, with the Sensex only declining by 0.47% over the same one-week period. While High Energy Batteries has shown positive returns over longer time frames, such as a 15.43% increase year-to-date, the recent downturn contrasts sharply with the benchmark's performance. This divergence highlights the stock's current struggles despite its historical growth, suggesting that investors may be reacting to recent negative trends rather than the company's overall financial health.