Why is Nahar Spinning falling/rising?

As of 14-Aug, Nahar Spinning Mills Ltd's stock is currently priced at 200.00, reflecting a decrease of 0.3, or 0.15%. The stock has been on a downward trend, experiencing consecutive losses for the last 11 days, resulting in a significant decline of 24.49% during this period. Additionally, the stock has underperformed against the benchmark, with a 1-year return of -36.51% compared to the Sensex's gain of 1.89%. Despite positive financial results reported on June 25, including substantial growth in profit before tax and profit after tax, the stock's high Debt to EBITDA ratio of 6.13 times and low return on equity of 8.88% indicate challenges in servicing debt and profitability, contributing to its recent price decline.
In the broader market context, Nahar Spinning's short-term performance has been notably poor, with a 1-week return of -7.90%, while the Sensex has remained relatively stable with a change of only -0.03%. This consistent underperformance against the benchmark over the last three years, coupled with a significant drop in investor participation, as evidenced by a 65.49% decrease in delivery volume, suggests a lack of confidence among investors. Although the stock is trading at a discount compared to its peers and has shown impressive profit growth, the overall sentiment remains negative due to the company's high debt levels and poor long-term growth prospects.