Why is Hind.Adhesive falling/rising?

As of 22-Jul, Hindustan Adhesives Ltd is experiencing a decline in its stock price, currently at 321.10, which reflects a decrease of 3.95 points or 1.22%. The stock has been losing value for the last two days, with a total drop of 1.37% during this period. Although it opened with a gain of 2.75% today and reached an intraday high of Rs 334, it is trading below its moving averages across various time frames. Additionally, the stock's performance over the past week and month shows declines of 1.20% and 2.55%, respectively, while it has significantly underperformed the benchmark Sensex over the past year and three years, with returns of -18.73% compared to the Sensex's 2.09%. The company's financial health is concerning, with a high Debt to EBITDA ratio of 2.75 times and recent negative quarterly results indicating a fall in net sales and profit.
Broader Market Context: In the short term, Hindustan Adhesives Ltd's performance has been worse than the benchmark, as it has declined by 1.20% over the past week compared to the Sensex's smaller decline of 0.47%. This underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 75.6% against the five-day average, indicating a lack of confidence among investors. Despite the company's long-term growth potential, as evidenced by a healthy operating profit growth rate of 58.80%, the recent negative financial results and high debt levels have overshadowed these positives, leading to a bearish sentiment surrounding the stock.