Why is Madhusudan Masa falling/rising?

As of 23-Sep, Madhusudan Masala Ltd's stock price is currently at 139.00, reflecting a decrease of 3.0, or 2.11%. The stock has underperformed its sector today by 0.31% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 30% compared to the 5-day average. Over the past year, the stock has generated a return of -28.79%, significantly underperforming against the benchmark, which has seen a modest decline of 2.97%. While the company has reported healthy long-term growth in net sales and operating profit, its high debt-to-equity ratio of 8.43 times raises concerns about financial stability, contributing to the stock's recent downward movement.
In the broader market context, Madhusudan Masala Ltd's short-term performance has been notably weaker than the benchmark, with a 1-week return of -1.42% compared to the Sensex's decline of only 0.28%. This consistent underperformance over the last three years indicates a lack of investor confidence, despite the company's positive growth metrics such as a 27% increase in profits over the past year. The combination of high debt levels and ongoing underperformance against the broader market suggests that investors may be cautious, leading to the stock's current decline.