Why is Manaksia Coated falling/rising?

As of 06-Nov, Manaksia Coated Metals & Industries Ltd is experiencing a decline in its stock price, currently at Rs 144.50, which reflects a decrease of Rs 12.35 or 7.87%. The stock has underperformed its sector by 6.79% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 10.77%. The stock touched an intraday low of Rs 143.45 and has shown high volatility with an intraday fluctuation of 5.98%. Despite a strong long-term growth trajectory, evidenced by a 127.31% return over the past year and a significant increase in operating profit, the current price movement is negatively impacted by a high Debt to EBITDA ratio of 3.63 times, which indicates a low ability to service debt. Additionally, a notable drop in investor participation, with delivery volume falling by 56.45% against the five-day average, suggests waning interest among investors.
In the broader market context, the stock's short-term performance has been significantly weaker than the benchmark, with a 1-week return of -7.67% compared to the Sensex's -1.30%. While the stock has shown impressive long-term returns, the recent underperformance relative to the benchmark and sector, combined with high volatility and declining investor participation, contributes to the current downward trend. The lack of domestic mutual fund investment, which stands at 0%, may further reflect a cautious sentiment towards the stock's valuation and business outlook, adding to the pressure on its price.