Why is Manomay Tex Indi falling/rising?

As of 24-Jul, Manomay Tex India Ltd is currently priced at Rs 160.65, reflecting a decrease of Rs 1.9 or 1.17%. The stock has underperformed its sector by 1.19% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 2.81%. Over the past week, the stock has fallen by 3.28%, and its year-to-date performance shows a significant decline of 29.91%. Despite a rise in profits by 48.2% over the past year, the stock has generated a negative return of 33.01%, indicating a disconnect between profitability and stock performance. The company has a high Debt to EBITDA ratio of 4.16, which raises concerns about its ability to service debt, further contributing to the stock's downward trend.
In the broader market context, the Sensex has shown a slight increase of 0.16% over the past month, contrasting with Manomay Tex India's 6.54% decline during the same period. This underperformance is evident as the stock has not only lagged behind the benchmark but has also seen a decrease in investor participation, with delivery volume falling by 7.1% against the five-day average. The stock is trading below all major moving averages, indicating a bearish trend, while its liquidity remains adequate for trading. Overall, the combination of high debt levels, poor recent performance, and declining investor interest has contributed to the stock's current downward movement.