Why is Madhusudan Masa falling/rising?

As of 31-Oct, Madhusudan Masala Ltd's stock price is currently at Rs 130.60, reflecting a decrease of Rs 5.9 or 4.32%. The stock has underperformed its sector by 3.63% today and is trading below all key moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 2.57% away from Rs 127.25. Over the past week, the stock has declined by 3.26%, and its year-to-date performance shows a significant drop of 39.93%. While the company has demonstrated healthy long-term growth with a 49% annual increase in net sales and a 138.11% rise in operating profit, it is burdened by a high debt-to-equity ratio of 8.43 times, which raises concerns among investors.
In the broader market context, Madhusudan Masala Ltd's recent performance contrasts sharply with the Sensex, which has gained 3.57% over the past month. The stock's negative returns of 11.13% in the last month and 23.80% over the past year highlight its struggles compared to the benchmark indices. The company's flat operating cash flow and low dividend payout ratio further contribute to investor skepticism, leading to reduced participation, as evidenced by a 33.33% drop in delivery volume against the five-day average. This combination of high debt, underperformance relative to the market, and declining investor interest has resulted in the stock's current downward trajectory.