Why is Nelcast falling/rising?

As of 17-Oct, Nelcast Ltd. is experiencing a decline in its stock price, currently at 117.80, which reflects a decrease of 9.8 points or 7.68%. Today's price summary indicates that the stock opened with a gain of 5.56% but has since fallen to touch an intraday low of Rs 116.3, resulting in high volatility with an intraday fluctuation of 12.52%. Over the past week, the stock has shown a positive return of 4.11%, but it has underperformed its sector by 6.55%. Despite a healthy long-term growth rate in operating profit and positive quarterly results, the stock's overall performance has been hindered by a high Debt to EBITDA ratio of 3.09, indicating low ability to service debt, and a lack of confidence from domestic mutual funds, which hold no stake in the company.
In the broader market context, while the Sensex has gained 1.76% over the past week, Nelcast's recent performance contrasts sharply with this benchmark, highlighting its struggles despite a strong historical performance over three and five years. The stock's year-to-date return is down 3.60%, compared to the Sensex's gain of 7.44%, further emphasizing its underperformance. The combination of high volatility, low investor confidence, and significant debt obligations has contributed to the stock's current decline, overshadowing its positive operational metrics and attractive valuation relative to peers.