Why is Khaitan Chemical falling/rising?

As of 08-Sep, Khaitan Chemicals & Fertilizers Ltd is experiencing a decline in its stock price, currently at Rs 122.50, down by Rs 2.25 or 1.8%. The stock has shown a mixed performance recently, with a slight increase of 0.37% over the past week and a significant rise of 17.00% over the last month. However, today's trading saw the stock touch an intraday low of Rs 121.7, indicating some selling pressure. Despite trading above its moving averages, the stock has faced a notable drop in investor participation, with delivery volume decreasing by 66.42% compared to the 5-day average. While the company has reported strong growth in net sales and positive results over the last three quarters, concerns about its high debt-to-EBITDA ratio and poor long-term growth prospects may be contributing to the current price decline.
In the broader market context, the stock's short-term return of 0.37% over the past week is slightly lower than the benchmark Sensex, which has increased by 0.53% during the same period. Despite Khaitan Chemicals outperforming the Sensex over longer time frames, such as a 44.20% return over the past year compared to the Sensex's decline of 0.49%, the recent performance may reflect investor caution due to the company's high debt levels and low mutual fund holdings. This suggests that while the stock has shown strong historical performance, current market sentiment may be tempered by concerns regarding its financial stability and growth potential.