Why is Mahindra Holiday falling/rising?

As of 10-Nov, Mahindra Holidays & Resorts India Ltd is experiencing a decline in its stock price, currently at 318.05, which reflects a decrease of 1.05 or 0.33%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has decreased by 4.43% compared to the 5-day average, suggesting reduced investor participation. Over the past year, the stock has generated a return of -14.28%, significantly underperforming the benchmark Sensex, which has increased by 5.09% during the same period.
In the broader market context, Mahindra Holidays' recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex by a considerable margin in both the short and long term. The company's financial health is concerning due to a high debt-to-equity ratio of 2.27, which indicates substantial leverage and potential risk. Although the company has shown healthy long-term growth in operating profit, its net sales growth has been modest at 7.75% over the last five years. Recent negative financial results, including a significant drop in profit before tax and profit after tax, further contribute to the stock's downward pressure. Overall, the combination of high debt, poor near-term performance, and declining investor interest are key factors driving the stock's recent decline.