Why is Mukand falling/rising?

As of 22-Aug, Mukand Ltd's stock price is currently at 135.65, reflecting a decrease of 1.2, or 0.88%. The stock has been experiencing a downward trend, having fallen for the last two days with a total decline of 1.6% during this period. Despite outperforming its sector by 0.32% today, the stock's performance over the past month shows a decline of 3.21%, while it has gained 5.52% year-to-date. The company's return on capital employed (ROCE) stands at 9.4, indicating an attractive valuation, but it has faced challenges with a significant year-over-year profit drop of 16%. Additionally, the stock is trading at a discount compared to its peers, yet it has a high Debt to EBITDA ratio of 5.83, which raises concerns about its long-term fundamental strength.
Broader market context indicates that while the Sensex has increased by 0.88% over the past week, Mukand's performance has lagged, with a 1-year return of -16.45% compared to the market's -2.49%. This underperformance suggests that investor sentiment may be cautious, particularly given the low interest from domestic mutual funds, which hold no stake in the company. The stock's liquidity appears adequate, but the recent negative financial results, including a low interest coverage ratio and rising raw material costs, contribute to a bearish outlook. Overall, the combination of weak long-term growth prospects and recent declines in profitability are likely influencing the stock's current downward movement.