Why is Mitsu Chem Plast falling/rising?

As of 22-Sep, Mitsu Chem Plast Ltd's stock is currently priced at 104.10, reflecting a decrease of 0.7, or 0.67%. The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Over the past week, the stock has declined by 1.19%, and it has experienced a significant drop of 26.12% over the last year, underperforming the benchmark index, Sensex, which has seen a decline of only 2.82% during the same period. While the stock's delivery volume has increased by 53.66% against the 5-day average, suggesting rising investor participation, the overall performance remains poor, with profits falling by 13.1% and a high Debt to EBITDA ratio of 2.85 times indicating low ability to service debt.
In the broader market context, the stock's short-term performance has been notably weaker compared to the Sensex, which has gained 0.46% over the past week. This consistent underperformance against the benchmark over the last three years, coupled with a lack of long-term growth—evidenced by an annual operating profit growth rate of just 3.84%—suggests that investor sentiment remains cautious. Additionally, the stock is trading at a discount compared to its peers' average historical valuations, but the negative factors, including high debt levels and declining profits, overshadow this attractive valuation, contributing to the stock's current downward movement.