Why is Mitsu Chem Plast falling/rising?

As of 15-Sep, Mitsu Chem Plast Ltd is experiencing a price increase, currently trading at 105.35, reflecting a rise of 2.9 or 2.83%. Today's price summary indicates that the stock outperformed its sector by 2.89% and reached an intraday high of Rs 106, marking a 3.47% increase. However, despite this positive movement, the stock has shown a significant decline over the past year, with returns of -23.83%. The company has a high Debt to EBITDA ratio of 2.85 times, indicating a low ability to service debt, and its operating profit has only grown at an annual rate of 3.84% over the last five years. While the stock is trading at a discount compared to its peers, the consistent underperformance against benchmarks over the last three years raises concerns about its long-term growth prospects.
In the broader market context, the stock's short-term performance over the past week shows a modest gain of 0.33%, while the benchmark Sensex has increased by 1.24%. Over the past month, Mitsu Chem Plast has returned 5.03%, which is slightly below the Sensex's 1.47% increase. This indicates that while the stock is currently rising, it has struggled to keep pace with the broader market trends, particularly in the longer term, where it has underperformed significantly compared to the benchmark.