Why is Sh. Ajit Pulp falling/rising?

As of 22-Sep, Shree Ajit Pulp and Paper Ltd's stock price is currently at 239.05, reflecting a decrease of 0.95, or 0.4%. The stock has been experiencing a decline, having fallen consecutively for the last two days, resulting in a total return of -2.51% during this period. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 0.86% and 3.13%, respectively. The company reported significant growth in net profit of 76.31% and has declared positive results for the last two consecutive quarters, which has contributed to its attractive valuation. However, the high Debt to EBITDA ratio of 4.04 times poses a risk to its ability to service debt, which may be affecting investor sentiment.
In the broader market context, the stock's performance has outpaced the benchmark, with a one-year return of 8.51% compared to the BSE500's negative return of -3.80%. This indicates that while the stock has been able to generate positive returns, the recent decline may be influenced by broader market conditions or investor concerns regarding its debt levels. The stock's liquidity remains adequate, with a significant increase in delivery volume, suggesting that investor participation is rising despite the recent price drop. Overall, the combination of strong financial results and ongoing risks related to debt may be contributing to the stock's current price movement.