Why is Mehai Technology falling/rising?

As of 18-Sep, Mehai Technology Ltd's stock price is currently at Rs 8.13, reflecting a significant decline of 6.97 (-46.16%). The stock has underperformed today, opening with a loss of 46.16% and touching an intraday low of Rs 8.13. It is also close to its 52-week low, being only 4.6% away from Rs 7.756. Over the past week, the stock has dropped by 44.05%, and year-to-date, it has decreased by 71.45%. Despite reporting strong growth in net sales and operating profit, the company's low return on capital employed (ROCE) of 5.99% and high debt-to-EBITDA ratio of 4.04 times indicate poor management efficiency and a low ability to service debt, which negatively impacts investor sentiment and contributes to the stock's decline.
In the broader market context, the Sensex has increased by 1.80% over the past week, contrasting sharply with Mehai Technology's significant drop. This disparity highlights the stock's underperformance relative to the benchmark. While the company has shown impressive long-term growth metrics, including a 1,007.69% increase in net sales over the last six months, the lack of domestic mutual fund investment may signal a lack of confidence in the stock's current valuation and future prospects. Overall, the combination of poor management efficiency, high debt levels, and significant recent price declines has led to a negative outlook for Mehai Technology Ltd in the current market environment.