Why is Mehai Technology falling/rising?

As of 17-Nov, Mehai Technology Ltd's stock is currently priced at Rs. 2.94, reflecting a decrease of Rs. 0.15 or 4.85%. The stock has hit a new 52-week low today and has been on a downward trend, having fallen consecutively for the last 20 days, resulting in a significant decline of 62.45% during this period. Over the past week, the stock has underperformed the sector by 6.1%, and its returns over the last month and year stand at -60.48% and -67.08%, respectively. Despite the company showing healthy long-term growth with substantial increases in net sales and operating profit, its low return on capital employed (ROCE) of 5.99% and high debt to EBITDA ratio of 4.04 times indicate poor management efficiency and low profitability, contributing to the stock's recent decline. In the broader market context, while the Sensex has shown positive returns of 1.69% over the past week and 8.72% year-to-date, Mehai Technology has significantly lagged behind, with a year-to-date return of -81.77%. This stark contrast highlights the stock's underperformance relative to the market, which may be influencing investor sentiment negatively. The company's ability to service its debt and generate returns for shareholders remains low, further exacerbating the situation. Overall, the combination of poor short-term performance, high debt levels, and low profitability metrics has led to a continued decline in the stock price.