Why is Khaitan Chemical falling/rising?

As of 22-Aug, Khaitan Chemicals & Fertilizers Ltd is experiencing a decline in its stock price, currently at Rs 109.00, which reflects a decrease of -0.4 (-0.37%). The stock is trading 4.84% away from its 52-week high of Rs 114.28 and has underperformed its sector by -0.45% today. Despite this, the stock has shown strong performance over the past week with a return of +2.98% and a year-to-date increase of +52.17%. The company has reported impressive growth in net sales and net profit, with a net profit growth of 6,020.5% in the latest quarter. However, concerns about its high debt-to-EBITDA ratio of 4.33 times and poor long-term growth metrics may be contributing to the recent price decline. In the broader market context, while Khaitan Chemicals has outperformed the benchmark Sensex over the past year with a return of +23.60% compared to the Sensex's +0.31%, the stock's recent performance has been affected by a decrease in investor participation, as indicated by a 13.65% drop in delivery volume. The overall market has faced negative returns, with the BSE500 index down -2.49% in the last year, which may be influencing investor sentiment towards the stock. Despite its strong historical performance and positive quarterly results, the low domestic mutual fund ownership suggests a cautious outlook from institutional investors, potentially impacting the stock's price movement.