Why is Hind.Adhesive falling/rising?

As of 25-Jul, Hindustan Adhesives Ltd is experiencing a decline in its stock price, currently at Rs 326.45, which reflects a decrease of -1.9 or -0.58%. The stock has been losing value for the last two days, with a total drop of -1.03% during this period. It has also underperformed in the longer term, showing a -25.13% return over the past year and a -20.55% decline year-to-date. Despite a healthy long-term growth in operating profit at an annual rate of 58.80%, the company faces challenges, including a high Debt to EBITDA ratio of 2.75 times and negative quarterly results, which have contributed to its recent price movement.
In the broader market context, the stock's short-term performance of +0.28% over the past week contrasts with the Sensex, which has declined by -0.36% during the same period. However, the stock's longer-term performance is concerning, as it has underperformed the BSE500 index over the last three years, one year, and three months. The company's recent financial struggles, including a -12.8% drop in net sales and a -16.7% decrease in profit after tax compared to previous quarters, further exacerbate investor concerns, leading to a negative sentiment surrounding the stock.