Why is Manaksia Coated falling/rising?

As of 31-Oct, Manaksia Coated Metals & Industries Ltd is experiencing a decline in its stock price, currently at Rs 152.85, which reflects a decrease of Rs 3.65 or 2.33%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 15.58% during this period. Despite opening with a gain of 2.01% today and reaching an intraday high of Rs 159.65, it ultimately touched a low of Rs 152. The stock's performance over the past week shows a significant decline of 11.72%, contrasting with a positive return of 13.64% over the past month. The company's strong long-term growth indicators, such as a 31.94% annual growth rate in operating profit and a 157.93% return over the past year, are overshadowed by its high Debt to EBITDA ratio of 3.63 times, which raises concerns about its ability to service debt.
In the broader market context, the stock's recent performance has significantly lagged behind the benchmark, with the Sensex only declining by 0.32% over the same week. This underperformance may be indicative of investor sentiment, as evidenced by a 69.53% drop in delivery volume compared to the five-day average, suggesting a decrease in investor participation. Additionally, the lack of domestic mutual fund investment, holding only 0% of the company, may reflect a lack of confidence in the stock's current valuation or business prospects. While the company has shown consistent returns over the last three years and positive financial results, the combination of high debt levels and declining short-term performance has contributed to the stock's recent downward trend.