Why is Hind.Adhesive falling/rising?

As of 04-Jul, Hindustan Adhesives Ltd is experiencing a decline in its stock price, currently at Rs 327.90, which represents a decrease of Rs 24.1 or 6.85%. The stock has underperformed its sector by 6.71% today, reaching an intraday low of Rs 310, reflecting a significant drop of 11.93%. The stock has shown high volatility with an intraday volatility of 6.63% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of -19.07%, with profits falling by 6.2%. Additionally, the company has a high Debt to EBITDA ratio of 2.55 times, indicating a low ability to service its debt, which further contributes to negative sentiment around the stock.
In the broader market context, the stock has underperformed the Sensex, which has gained 3.01% over the past month, while Hindustan Adhesives Ltd has declined by 4.28% in the same period. This trend of underperformance is evident over longer time frames as well, with the stock down 20.20% year-to-date compared to the Sensex's 6.77% gain. The company's negative financial results, including a significant drop in net sales and profit after tax, alongside a high debt burden, have likely contributed to the stock's poor performance relative to the market.