Why is Mitsu Chem Plast falling/rising?

As of 04-Sep, Mitsu Chem Plast Ltd's stock price is currently at 108.00, reflecting a decrease of 0.75, or 0.69%. The stock has shown a trend reversal, falling after two consecutive days of gains. It is performing inline with its sector today, but its longer-term performance has been concerning, with a 22.30% decline over the past year and a 62.23% drop over the last three years. Despite a recent increase in investor participation, as evidenced by a 75.74% rise in delivery volume, the stock's ability to service debt is low due to a high Debt to EBITDA ratio of 2.85 times. Additionally, while the stock is trading at a discount compared to its peers, its profits have decreased by 13.1%, contributing to its overall negative performance.
In the broader market context, Mitsu Chem Plast's short-term return of 1.89% over the past week outperforms the Sensex, which has gained 0.80% in the same period. However, the stock's year-to-date performance is down 3.66%, contrasting with the Sensex's positive return of 3.30%. This consistent underperformance against the benchmark, coupled with flat results in June and poor long-term growth, suggests that investor sentiment remains cautious. The combination of these factors indicates that while there may be some short-term gains, the overall outlook for Mitsu Chem Plast is negative, leading to its current price decline.