Why is Nelcast falling/rising?

As of 09-Oct, Nelcast Ltd. is experiencing a decline in its stock price, currently at Rs 111.15, which reflects a decrease of Rs 10.15 or 8.37%. The stock has underperformed its sector by 9.57% today and has been on a downward trend for the last two days, accumulating a total loss of 11.15% in that period. It touched an intraday low of Rs 110.05 and has shown high volatility with an intraday fluctuation of 6.75%. In terms of longer-term performance, the stock has generated a return of -11.36% over the past year and has underperformed the broader market indices, including the Sensex, which has shown positive returns in the same timeframe. Despite some positive indicators such as a healthy long-term growth rate in operating profit and attractive valuation metrics, the stock's high Debt to EBITDA ratio and low Return on Equity signal underlying financial concerns that may be affecting investor confidence.
In the broader market context, Nelcast's recent performance contrasts sharply with the Sensex, which has gained 1.47% over the past week and 1.32% over the past month. This disparity highlights the stock's struggle to attract investor interest, particularly given that domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its valuation or business prospects. The company's ability to service its debt is also a significant concern, as indicated by its high Debt to EBITDA ratio of 3.09 times, which further compounds the negative sentiment surrounding the stock. Overall, while there are some positive growth indicators, the combination of poor short-term performance, high debt levels, and lack of institutional support has contributed to the stock's decline.