Why is Khaitan Chemical falling/rising?

As of 12-Sep, Khaitan Chemicals & Fertilizers Ltd is experiencing a decline in its stock price, currently at Rs 128.30, which reflects a decrease of Rs 2.2 or 1.69%. The stock has shown a strong performance over the past week and month, with returns of 2.85% and 19.13%, respectively. However, today's trading has seen the stock underperform its sector by 1.14%, with an intraday high of Rs 133.45 and a low of Rs 124.1. Despite trading above its moving averages, the stock's recent performance has been impacted by a significant drop in investor participation, with delivery volume falling by 48.18% against the 5-day average. The company has reported impressive growth in net sales and operating profit, but it also faces challenges such as a high Debt to EBITDA ratio and low long-term growth prospects.
In the broader market context, Khaitan Chemicals has outperformed the Sensex over the past year, generating a return of 56.08% compared to the benchmark's decline of 1.28%. This strong performance over the long term contrasts with the current short-term decline, indicating that while the company has shown resilience and growth, recent trading dynamics and investor sentiment may be weighing on its stock price. The limited interest from domestic mutual funds, holding only 0.02% of the company, may also reflect caution regarding the stock's valuation and future prospects, contributing to the current downward movement.