Why is Hindware Home In falling/rising?

As of 02-Sep, Hindware Home Innovation Ltd is experiencing a decline in its stock price, currently at Rs 315.40, which reflects a decrease of Rs 3.6 or 1.13%. Today's price summary indicates that the stock opened lower, with a gap down of 2.12%, and has underperformed its sector by 2.19%. The stock reached an intraday high of Rs 326.15 but also touched a low of Rs 310.55, suggesting volatility within the trading day. Over the past week, the stock has slightly underperformed with a return of -0.52%, while it has shown a significant increase of 16.41% over the past month. However, the company has faced challenges, including a high Debt to EBITDA ratio of 3.42 times, which indicates a low ability to service debt, and a recent decline in investor participation, with delivery volume falling by 6.77% against the five-day average.
In the broader market context, the Sensex has also seen a decline of 0.78% over the past week, indicating a somewhat negative market environment. Despite Hindware's strong long-term growth potential, as evidenced by its operating profit growth and attractive valuation compared to peers, the recent performance has been overshadowed by its high debt levels and low domestic mutual fund holdings, which may reflect a lack of confidence in the stock's current price. The stock's year-to-date return of 15.83% still outperforms the Sensex's 2.58%, but the overall negative sentiment and recent price movements suggest caution among investors.