Why is Sunita Tools Ltd falling/rising?

As of 23-Sep, Sunita Tools Ltd is experiencing a decline in its stock price, currently at 715.00, which reflects a decrease of 8.15 points or 1.13%. The stock has underperformed its sector by 1.59% today, although it has shown higher performance than its 5-day and 20-day moving averages. Over the past week, the stock has gained 2.23%, but it has seen a significant decline of 6.04% over the past month. Despite a positive annual return of 10.17%, the stock's year-to-date performance is down by 11.03%. Positive factors contributing to the stock's performance include high management efficiency with a return on equity of 41.39% and strong long-term growth in net sales and operating profit. However, the company also faces challenges due to a high debt-to-equity ratio of 1.78, which may be impacting investor sentiment.
In the broader market context, the stock's recent performance contrasts with the benchmark, as the Sensex has declined by 0.34% over the past week, while Sunita Tools Ltd has gained 2.23%. This indicates that the stock has outperformed the market in the short term. However, the stock's year-to-date decline of 11.03% is significantly worse than the Sensex's positive return of 5.07%, suggesting that while there are positive aspects to the company's performance, the overall market conditions and the company's debt levels are contributing to its recent price drop.