Why is Hind.Adhesive falling/rising?

As of 19-Aug, Hindustan Adhesives Ltd is experiencing a decline in its stock price, currently at Rs 318.30, which reflects a decrease of Rs 2.7 or 0.84%. Despite opening with a gain of 2.46% and reaching an intraday high of Rs 328.9, the stock has reversed its trend after three consecutive days of gains. Over the past week, the stock has shown a positive return of 3.16%, but it has underperformed the sector by 3.19% today. The stock's year-to-date performance remains weak, with a decline of 22.54%, and it has consistently underperformed against the benchmark over the last three years. While the company has shown healthy long-term growth with a 60.71% annual increase in operating profit, its high Debt to EBITDA ratio of 2.75 times raises concerns about its ability to service debt, contributing to the stock's recent downward movement.
Broader market context indicates that while the Sensex has gained 1.76% over the past week, Hindustan Adhesives Ltd's performance has lagged behind, reflecting a broader trend of underperformance against market benchmarks. The stock's negative returns over the past year (-11.58%) and the last three years (-28.86%) contrast sharply with the Sensex's positive returns, highlighting the challenges faced by the company. Additionally, the rising investor participation, as indicated by a significant increase in delivery volume, suggests some interest in the stock, but the overall market sentiment remains cautious due to the company's financial challenges and recent negative results.