Why is Hind.Adhesive falling/rising?

As of 22-Aug, Hindustan Adhesives Ltd is experiencing a decline in its stock price, currently at 316.30, reflecting a decrease of 4.6 points or 1.43%. The stock has underperformed its sector today by 2.03% and has fallen after two consecutive days of gains. It is trading below its moving averages across all time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past year, the stock has generated a return of -19.94%, which is significantly lower than the benchmark's performance, indicating consistent underperformance. While the company has shown healthy long-term growth with an annual operating profit increase of 60.71%, its high Debt to EBITDA ratio of 2.75 times raises concerns about its ability to service debt, contributing to the stock's negative sentiment.
In the broader market context, the stock's short-term return of +0.73% over the past week is slightly below the Sensex's return of +0.88%. Despite the company's profits rising by 18.9% over the past year, the stock's overall performance has been disappointing, with a year-to-date decline of 23.02% compared to the benchmark's gain of 4.05%. The stock is trading at a discount relative to its peers, which may attract some investors; however, the consistent underperformance against the benchmark over the last three years and negative results reported in June have overshadowed these positive factors, leading to a bearish outlook.