Why is Nirlon falling/rising?

As of 22-Aug, Nirlon Ltd's stock price is currently at 554.00, reflecting a decrease of 0.75 (-0.14%). The stock has been experiencing a consecutive decline over the last three days, resulting in a total drop of 2.12%. Despite this recent downturn, Nirlon has shown strong performance over longer periods, with a year-to-date return of 10.07% and a one-year return of 26.04%, significantly outperforming the broader market, which has only returned 0.31% in the same timeframe. The stock is currently trading close to its 52-week high, just 3.79% away, and maintains a high dividend yield of 4.69%. However, there has been a notable decline in investor participation, with delivery volume falling by 12.92% against the five-day average.
In the broader market context, while Nirlon has underperformed the benchmark Sensex in the past week, gaining only 0.55% compared to the Sensex's 0.88%, its longer-term performance remains robust. The stock's ability to generate positive returns amidst a challenging market environment, where the BSE500 has seen a decline of 2.49% over the past year, highlights its resilience. However, the company's high debt-to-equity ratio of 2.48 times raises concerns about its financial stability, which could be contributing to the recent price decline. Despite these risks, the company's high management efficiency and strong cash position may provide some support for its stock price in the future.