Why is Nahar Spinning falling/rising?

As of 28-Aug, Nahar Spinning Mills Ltd is experiencing a slight decline in its stock price, currently at 209.05, reflecting a decrease of 0.1 or 0.05%. The stock has underperformed its sector by 0.25% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.88% during this period. Over the past week, the stock has decreased by 4.98%, and its performance over the last month shows a significant decline of 19.29%. Despite positive financial results, including a 113.33% growth in profit before tax and a notable increase in operating profit to interest, the stock's high debt to EBITDA ratio of 6.13 times and consistent underperformance against benchmarks have contributed to its recent price movement.
In the broader market context, Nahar Spinning's short-term performance contrasts sharply with the benchmark, as it has generated a return of -4.98% over the past week compared to the Sensex's decline of only 2.34%. The stock's year-to-date performance is particularly concerning, with a drop of 22.08% while the benchmark has risen by 2.48%. This consistent underperformance over the last three years, coupled with a low ability to service debt and poor long-term growth prospects, suggests that investor sentiment may be negatively impacted, leading to the current decline in stock price.