Why is Rel. Chemotex falling/rising?

As of 11-Aug, Reliance Chemotex Industries Ltd is experiencing a decline in its stock price, currently at Rs 166.10, which reflects a decrease of 1.05 or 0.63%. The stock opened with a gain of 2.42% today, reaching an intraday high of Rs 173.55, but ultimately underperformed its sector by 0.65%. Over the past week, the stock has decreased by 3.37%, and it has shown a significant decline of 20.90% year-to-date. While the company reported positive results in its latest quarter, including a substantial growth in profit before tax and operating profit, it also faces challenges such as a weak long-term fundamental strength and a high debt-to-EBITDA ratio, which negatively impacts investor confidence.
In the broader market context, Reliance Chemotex has consistently underperformed against the benchmark, with a year-to-date return of -20.90% compared to the Sensex's gain of 3.15%. This trend of underperformance extends over the last three years, where the stock has generated negative returns while the benchmark has seen positive growth. The company's ability to generate returns has been hampered by a low return on equity and a declining trend in operating profits, which has contributed to the overall negative sentiment surrounding the stock.