Why is Mitsu Chem Plast falling/rising?

As of 24-Sep, Mitsu Chem Plast Ltd is currently priced at 105.50, reflecting an increase of 0.85, or 0.81%. The stock has shown a positive performance today, outperforming its sector by 0.88% and has been gaining for the last two days, with a total return of 1.01% during this period. However, despite this recent uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Over the past year, the stock has generated a return of -24.37%, with profits declining by 13.1%. The company has a high Debt to EBITDA ratio of 2.85 times, which suggests a low ability to service its debt, contributing to concerns about its financial health.
In the broader market context, Mitsu Chem Plast has underperformed the Sensex benchmark significantly, with a 1-week return of -2.22% compared to the benchmark's -1.18%, and a year-to-date return of -5.89% against the Sensex's +4.58%. This consistent underperformance over the last three years, coupled with a flat operating profit growth rate of 3.84% annually, raises concerns about the company's long-term growth prospects. The stock's attractive valuation, trading at a discount compared to peers, may not be enough to offset the negative sentiment stemming from its financial challenges and poor historical performance relative to the market.