Why is Hind.Adhesive falling/rising?

As of 15-Sep, Hindustan Adhesives Ltd is currently priced at 320.00, with no change in price (0.00%). The stock has shown a decline of 2.44% over the past week, while it has increased by 2.27% over the past month. However, it has significantly underperformed over the longer term, with a year-to-date decline of 22.12% and a one-year return of -18.99%. Today's price summary indicates that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 15.01% compared to the 5-day average. While the company has demonstrated healthy long-term growth with an annual operating profit increase of 60.71%, it also faces challenges, including a high Debt to EBITDA ratio of 2.75 times and a decline in net sales by 6.8% in the last quarter.
In the broader market context, the Sensex has gained 1.24% over the past week and 1.47% over the past month, indicating that Hindustan Adhesives Ltd is lagging behind the benchmark indices. The stock's performance has been below par in both the short and long term, as it has underperformed the BSE500 over the last three years, one year, and three months. Despite the attractive valuation and growth in profits, the company's high debt levels and recent negative financial results contribute to a bearish outlook, which may be influencing investor sentiment and leading to the stock's current stagnation.