Why is Remi Edelstahl falling/rising?

As of 17-Jul, Remi Edelstahl Tubulars Ltd is experiencing a decline in its stock price, currently at Rs 96.50, which reflects a decrease of Rs 1.29 or 1.32%. The stock has underperformed its sector by 1.79% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.48% during this period. Despite the stock being higher than its 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than its 5-day moving average. The company has shown positive financial results over the last three quarters, with net sales growing by 21.77% and profits rising significantly, but it also faces challenges such as weak long-term fundamental strength and a high debt-to-EBITDA ratio, which may contribute to investor concerns.
In the broader market context, the stock has underperformed the benchmark Sensex over the past week, with a return of -0.41% compared to the Sensex's -1.12%. However, over the past month, Remi Edelstahl has outperformed the benchmark with an 8.41% increase against the Sensex's 0.83%. While the stock has generated a negative return of -1.53% over the past year, its profits have increased significantly, indicating potential for future growth. The stock's current trading at a discount compared to its peers may attract some investors, but the overall weak long-term growth prospects and high debt levels could be weighing on its price performance.