Why is NLC India falling/rising?

As of 18-Jul, NLC India Ltd. is experiencing a decline in its stock price, currently at Rs 233.45, which reflects a decrease of Rs 5.45 or 2.28%. Today's price summary indicates that the stock has underperformed its sector by 1.58% and has fallen after three consecutive days of gains. The stock touched an intraday low of Rs 233.15, and the trading volume was weighted towards this lower price. Over the past week, the stock has shown a return of +2.68%, while its performance over the last year has been significantly negative at -16.04%. Despite positive financial results, such as a 215.38% growth in PAT and a 23.00% increase in net sales, the company's high Debt to EBITDA ratio of 5.83 times raises concerns about its ability to service debt, contributing to the stock's downward pressure.
In the broader market context, the Sensex has shown a slight decline of 0.90% over the past week, while NLC India has outperformed this benchmark. However, the stock's year-to-date performance is notably poor at -7.18%, contrasting with the Sensex's gain of 4.63%. This underperformance over the past year, coupled with low long-term growth rates in net sales and operating profit, suggests that investor sentiment may be cautious despite the attractive valuation metrics and high institutional holdings. The combination of these factors indicates that while there are some positive aspects to the company's financial health, the overarching concerns about debt and growth prospects are leading to a decline in stock price.