Why is K E C Intl. falling/rising?

As of 01-Aug, K E C International Ltd's stock price is currently at Rs 822.70, reflecting a decline of Rs 39.05 or 4.53%. The stock has been underperforming, having fallen consecutively over the last two days with a total drop of 5.71%. Today's trading saw the stock reach an intraday low of Rs 813.4, indicating significant selling pressure. The stock's performance over the past week shows a decline of 4.11%, and over the past month, it has decreased by 9.62%. Despite the company declaring positive results for the last seven consecutive quarters, including a 122.20% growth in profit before tax, the high Debt to EBITDA ratio of 2.71 times raises concerns about its ability to service debt, contributing to the stock's downward movement.
In the broader market context, K E C International's recent performance contrasts sharply with the Sensex, which has only declined by 1.06% over the past week. The stock's year-to-date performance is particularly concerning, with a drop of 31.84% compared to the Sensex's gain of 3.15%. Additionally, the stock's liquidity appears adequate, but falling investor participation, as evidenced by an 11.61% decrease in delivery volume, suggests waning interest among investors. This combination of high institutional holdings and a fair valuation relative to peers does not seem to be enough to counterbalance the negative sentiment stemming from its debt servicing capabilities and recent price movements.