Why is Manomay Tex Indi falling/rising?

As of 04-Sep, Manomay Tex India Ltd is experiencing a decline in its stock price, currently at Rs 164.25, which reflects a decrease of Rs 10.65 or 6.09%. The stock has underperformed its sector by 5.02% today and opened with a loss of 5%. It touched an intraday low of Rs 164.25 and has shown erratic trading, not trading on one day out of the last 20. Over the past week, the stock has declined by 1.47%, while its year-to-date performance shows a significant drop of 28.34%. Despite a healthy long-term growth in operating profit at an annual rate of 40.50%, the stock's ability to service debt is concerning due to a high Debt to EBITDA ratio of 4.16 times, which negatively impacts investor sentiment.
Broader market context indicates that while the Sensex has gained 0.80% over the past week, Manomay Tex India Ltd has not only underperformed in the short term but also over the past year, where it has returned -35.90% compared to the market's -1.98%. This stark contrast highlights the stock's struggles relative to the broader market, further exacerbated by flat results in recent earnings reports and a decline in investor participation, as evidenced by a 76.88% drop in delivery volume. The stock's valuation remains attractive compared to peers, but the combination of poor short-term performance, high debt levels, and underwhelming sales growth has led to a negative outlook among investors.