Why is Modi Naturals falling/rising?

As of 17-Nov, Modi Naturals Ltd's stock price is currently at Rs 434.10, reflecting a decline of Rs 30.85 or 6.64%. Today's price summary indicates that the stock has underperformed its sector by 2.28% and has experienced a trend reversal after four consecutive days of gains, hitting an intraday low of Rs 428.5. Despite a positive long-term growth outlook, with operating profit growing at an annual rate of 63.01% and net sales increasing by 28.97%, the stock's recent performance is hindered by poor management efficiency, as indicated by a low average return on capital employed (ROCE) of 7.64% and a high debt to EBITDA ratio of 14.71 times. Additionally, the lack of domestic mutual fund investment suggests a lack of confidence in the stock at its current price.
In the broader market context, Modi Naturals has shown a 2.98% increase over the past week, outperforming the Sensex, which rose by 1.69%. However, year-to-date, the stock has declined by 17.92%, contrasting sharply with the Sensex's gain of 8.72%. This disparity highlights the stock's struggles despite some positive financial indicators, such as a PEG ratio of 0.1 and consistent profit growth over the last six quarters. The overall market sentiment and sector performance, particularly in solvent extraction, which has fallen by 4.35%, may also be contributing to the stock's downward movement.