Why is PVR Inox falling/rising?

As of 12-Nov, PVR Inox Ltd's stock price is currently at Rs 1,099.00, reflecting a decrease of Rs 30.45 or 2.7%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.75% during this period. It has also underperformed its sector by 10.28% today. Over the past week, the stock has decreased by 5.43%, while its performance over the last month shows a slight increase of 0.87%. However, the stock has significantly underperformed against the benchmark, with a year-to-date decline of 15.72% compared to the Sensex's gain of 8.10%. The company has reported strong growth in net sales and operating profit, but it faces challenges such as a high Debt to EBITDA ratio and consistent underperformance against the benchmark over the last three years.
In the broader market context, while the film production, distribution, and entertainment sector has gained by 7.56%, PVR Inox's stock has struggled to keep pace, reflecting a broader trend of declining investor participation, as evidenced by a 21.08% drop in delivery volume compared to the five-day average. The stock's liquidity remains adequate for trading, but the recent negative sentiment surrounding its performance, coupled with the high institutional holdings indicating a cautious outlook, suggests that investors are wary of the company's ability to service its debt and its historical underperformance. Overall, the combination of strong financial results and significant operational challenges has led to the current decline in PVR Inox's stock price.