Why is K E C Intl. falling/rising?

As of 25-Sep, K E C International Ltd's stock price is currently at Rs 870.85, reflecting a decrease of Rs 11.95 or 1.35%. The stock has underperformed its sector by 1.16% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 1.48% during this period. Despite the stock's positive performance over the past month with a gain of 5.42%, it has faced significant challenges year-to-date, showing a decline of 27.85%. The company's recent financial performance has been strong, with positive results for the last seven consecutive quarters, including a 64.12% growth in PAT and a high ROCE of 15.3. However, the stock is currently trading at a discount compared to its peers, and the high Debt to EBITDA ratio of 2.71 times raises concerns about its ability to service debt, which may be contributing to the recent price decline.
In the broader market context, the Sensex has fallen by 2.23% over the past week, indicating a challenging environment for stocks in general. While K E C International has outperformed the benchmark over the past month, its year-to-date performance contrasts sharply with the Sensex, which has gained 3.87% during the same period. The decline in investor participation, evidenced by a significant drop in delivery volume, suggests a lack of confidence among retail investors, which could further pressure the stock price. Overall, while the company has shown strong fundamentals, the combination of high debt levels and recent underperformance relative to the sector may be influencing the stock's current downward trajectory.