Why is Mitsu Chem Plast falling/rising?

As of 12-Sep, Mitsu Chem Plast Ltd is experiencing a decline in its stock price, currently at 102.45, reflecting a decrease of 0.3 or 0.29%. The stock has underperformed its sector today by 1.83% and has fallen after two consecutive days of gains. It is trading below all key moving averages, indicating a bearish trend. Over the past year, the stock has generated a return of -25.22%, with profits declining by 13.1%. Additionally, the company has a high Debt to EBITDA ratio of 2.85 times, suggesting a low ability to service its debt, which negatively impacts investor sentiment.
In the broader market context, the stock's short-term performance has been notably weaker compared to the benchmark, with a 1-week return of -2.34% versus the Sensex's gain of 1.48%. This consistent underperformance over the last three years, coupled with flat results in June 2025, has contributed to a lack of investor confidence. While the stock is trading at a discount compared to its peers, the overall negative sentiment surrounding its financial health and growth prospects continues to weigh heavily on its price movement.