Why is Mitsu Chem Plast falling/rising?

As of 02-Sep, Mitsu Chem Plast Ltd's stock price is currently at 107.65, reflecting an increase of 2.65 or 2.52%. Today's price summary indicates that the stock has outperformed its sector by 1.81% after experiencing five consecutive days of decline. Despite opening with a loss of 2.76%, it reached an intraday high of Rs 109, although it also touched a low of Rs 102.1. The stock has shown a significant underperformance over the past year, with a return of -25.03%, while profits have decreased by 13.1%. The company has a high Debt to EBITDA ratio of 2.85, indicating a low ability to service debt, which contributes to concerns about its long-term growth potential.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has declined by 1.73% over the past week compared to the Sensex's drop of 0.78%. Over the last month, Mitsu Chem Plast has fallen by 7.40%, while the benchmark has only decreased by 0.55%. This consistent underperformance against the benchmark over the last three years, coupled with a lack of investor participation and trading below key moving averages, suggests a challenging environment for the stock. The liquidity remains adequate for trading, but the overall sentiment appears cautious due to the company's financial metrics and historical performance.