Why is Riba Textiles falling/rising?

As of 11-Aug, Riba Textiles Ltd is experiencing a decline in its stock price, currently at Rs 84.89, which reflects a decrease of Rs 1.17 or 1.36%. Today's price summary indicates that the stock opened with a gain of 2.2% but has since fallen, marking a trend reversal after two consecutive days of gains. The stock touched an intraday high of Rs 87.95 but also reached a low of Rs 84, with more volume traded closer to the lower price. Over the past week, the stock has underperformed the sector by 1.38%. Despite a positive return of 10.42% over the past month, the year-to-date performance shows a significant decline of 19.85%. The company has a Return on Capital Employed (ROCE) of 10.4, indicating an attractive valuation, but it also faces challenges with a high Debt to EBITDA ratio of 3.12 times, which could impact its long-term growth prospects.
In the broader market context, Riba Textiles' recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.51% over the past week. While the stock has outperformed the Sensex over the last month, its year-to-date performance is notably weaker compared to the index, which has gained 3.15%. This divergence may reflect investor sentiment regarding the company's long-term fundamentals, particularly given its weak growth indicators and high debt levels. The stock's ability to generate consistent returns over the past three years may not be enough to offset concerns about its financial health, leading to cautious trading behavior among investors.