Why is KEC Internationa falling/rising?

As of 19-Nov, KEC International Ltd's stock price is currently at 710.20, reflecting a decrease of 70.95 points or 9.08%. The stock has been on a downward trend, having underperformed its sector by 6.85% today and experiencing a consecutive fall over the last three days, resulting in a total decline of 10.29%. It opened with a loss of 4.63% and reached an intraday low of Rs 697.7. In terms of longer-term performance, the stock has seen a significant decline of 41.16% year-to-date and 28.26% over the past year, while the overall market has shown positive returns. Although the company has reported positive financial results over the last eight quarters, including substantial growth in profit before tax and profit after tax, its high Debt to EBITDA ratio of 3.54 times raises concerns about its ability to service debt, contributing to the negative sentiment surrounding the stock.
In the broader market context, KEC International's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.85% over the past week and 1.47% over the past month. While the stock has shown strong returns over a three-year and five-year period, its recent underperformance highlights investor concerns, especially given the overall market's positive trajectory. The company's high institutional holdings may provide some stability, but the significant underperformance relative to the market and the sector's decline of 2.18% today suggest that investor confidence is waning. The combination of these factors indicates a challenging environment for KEC International, leading to its current stock price decline.