Why is Hindware Home In falling/rising?

As of 28-Aug, Hindware Home Innovation Ltd is experiencing a decline in its stock price, currently at Rs 308.00, reflecting a decrease of 9.05 points or 2.85%. Today's performance indicates that the stock has underperformed its sector by 2.48% and has fallen after two consecutive days of gains, reaching an intraday low of Rs 308. Despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, the stock's recent performance is overshadowed by a significant drop in profits over the past year, with a return of -15.95%. The company's financial health shows mixed signals, as it has reported a high Debt to EBITDA ratio of 3.42 times, indicating a low ability to service debt, which may contribute to investor concerns.
In the broader market context, Hindware Home Innovation Ltd has shown a positive return of 0.98% over the past week, while the benchmark Sensex has declined by 2.34%. However, the stock has underperformed the market over the last year, where the BSE500 index fell by 5.01%, contrasting with Hindware's more substantial drop. The limited interest from domestic mutual funds, holding only 0.16% of the company, may suggest a lack of confidence in the stock's valuation or business prospects. Overall, while the company has demonstrated healthy long-term growth in operating profit and attractive valuations compared to peers, the high debt levels and recent negative performance are likely contributing to the stock's current downward movement.