Why is Mitsu Chem Plast falling/rising?

As of 28-Aug, Mitsu Chem Plast Ltd's stock price is currently at 106.00, reflecting a decrease of 3.55, or 3.24%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 5.82%. It has also underperformed its sector by 1.85% today. The stock is trading below all its moving averages, indicating a bearish trend. Over the past year, it has generated a return of -27.05%, while profits have decreased by 13.1%. Additionally, the company has a high Debt to EBITDA ratio of 2.85 times, which suggests a low ability to service its debt, further contributing to investor concerns.
In the broader market context, Mitsu Chem Plast's short-term performance has been notably weaker than the benchmark, with a 1-week return of -5.36% compared to the Sensex's -2.34%. This consistent underperformance against the benchmark over the last three years highlights a troubling trend for investors. Despite a slight increase in investor participation, the overall sentiment remains negative due to the company's poor long-term growth prospects and flat results reported in June 2025. The stock's attractive valuation relative to peers does not seem to be enough to offset the concerns regarding its financial health and growth trajectory.