Why is Hind Rectifiers falling/rising?

As of 11-Nov, Hind Rectifiers Ltd is experiencing a decline in its stock price, currently at Rs 1,601.00, which reflects a decrease of Rs 51.2 or 3.1%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 14.36% during this period. Today's trading opened with a loss of 3.67%, and the stock reached an intraday low of Rs 1,590, indicating significant selling pressure. Despite a strong long-term growth trajectory, with a 35.84% return over the past year and consistent positive results over the last 12 quarters, the stock's recent performance is overshadowed by a high Debt to EBITDA ratio of 8.13 times, which raises concerns about its ability to service debt. Additionally, a notable drop in investor participation, with delivery volume decreasing by 39.79% against the five-day average, further contributes to the stock's downward trend.
In the broader market context, Hind Rectifiers' short-term performance has significantly lagged behind the benchmark, with a 1-week return of -13.74% compared to the Sensex's modest gain of 0.49%. This stark contrast highlights the stock's struggles relative to the overall market. While the company has demonstrated healthy long-term growth, the current market sentiment appears cautious, particularly given the lack of domestic mutual fund investment, which may indicate a lack of confidence in the stock's valuation at present. The combination of high debt levels, declining investor interest, and recent underperformance against the benchmark suggests that the stock is facing considerable challenges in the short term.