Why is India Glycols falling/rising?

As of 25-Aug, India Glycols Ltd is experiencing a decline in its stock price, currently at Rs 824.80, which reflects a decrease of Rs 25.4 or 2.99%. The stock has underperformed its sector by 2.62% today and has been on a downward trend for the last three days, accumulating a total loss of 4.47% during this period. The stock also reached an intraday low of Rs 817.05, indicating significant selling pressure. Despite a strong year-to-date return of 27.58% and a one-year return of 30.42%, the recent performance has been overshadowed by a decline in investor participation, with delivery volume dropping by 66.77% compared to the five-day average. Additionally, while the company reported positive financial metrics such as a high ROCE and net sales, concerns about long-term fundamental strength and high debt levels may be contributing to the current price decline.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a one-week return of -7.61% compared to a slight gain of 0.45% in the Sensex. This underperformance highlights the challenges faced by India Glycols amidst a generally stable market. Although institutional investors have increased their stake, indicating some confidence in the company's potential, the overall sentiment appears cautious due to the company's weak long-term growth prospects and high debt-to-EBITDA ratio. The stock's current valuation, while trading at a discount to peers, suggests that investors may be wary of its ability to sustain growth, further contributing to the downward pressure on its price.