Why is Lexus Granito falling/rising?

As of 29-Sep, Lexus Granito (India) Ltd is experiencing a decline in its stock price, currently at Rs. 26.36, reflecting a decrease of Rs. 1.2 or 4.35%. The stock has hit a new 52-week low of Rs. 26.2 today and has underperformed its sector by 3%. It is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has fallen by 6.82%, and its year-to-date performance shows a significant drop of 37.51%. Despite some positive results reported in June, such as an increase in profit before tax and earnings per share, the company is burdened by high debt levels, evidenced by a Debt-Equity Ratio of 14.9 times and a Debt to EBITDA ratio of 6.18 times, which severely limits its long-term financial strength.
In the broader market context, Lexus Granito's performance has been notably weaker than the benchmark, with a one-year return of -34.91% compared to the BSE500's decline of only 5.90%. This consistent underperformance over the last three years, coupled with a significant drop in investor participation—evidenced by a 56.09% decrease in delivery volume—suggests a lack of confidence among investors. The stock's high valuation relative to its returns, along with a negative Return on Capital Employed (ROCE) of -2.2, further exacerbates its appeal as a strong sell in the current market environment.