Why is Himatsing. Seide falling/rising?

As of 26-Sep, Himatsingka Seide Ltd is experiencing a decline in its stock price, currently at Rs 118.50, which reflects a decrease of Rs 3.15 or 2.59%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 8.39% during this period. Additionally, it has underperformed the sector by 0.7% today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a significant profit increase of 54.4% over the past year, the stock has generated a negative return of -22.85%, suggesting that investor sentiment remains weak. The company's high Debt to EBITDA ratio and low ROCE of 6.63% contribute to concerns about its long-term fundamental strength.
In the broader market context, Himatsingka Seide's short-term performance has been notably poor compared to the benchmark, with a 1-week return of -10.30% against the Sensex's decline of only -2.66%. This stark contrast highlights the stock's struggles relative to the market. Furthermore, the decrease in institutional investor participation, with a 0.95% reduction in their stake, indicates a lack of confidence from more sophisticated investors. Overall, the combination of weak recent performance, declining investor interest, and poor long-term growth prospects has led to the stock's downward trajectory.