Why is Tirupati Starch falling/rising?

As of 30-Jul, Tirupati Starch & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 187.00, which reflects a decrease of Rs 6.4 or 3.31%. Today's trading performance indicates that the stock opened with a gain of 4.71% but subsequently fell to an intraday low of Rs 187. The stock has underperformed its sector by 4.35% today, and while it has shown positive returns over the past month (+13.33%) and year (+4.35%), it is important to note that the company has high debt levels and weak long-term fundamental strength, which could be contributing to the current price drop. Despite declaring positive results for the last three consecutive quarters and a significant profit growth of 1166% over the past year, the company's high debt-to-equity ratio and low return on equity may be causing investor concern.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, with a 1-week return of -3.78% against the Sensex's -1.50%. This suggests that while the stock has outperformed the benchmark over longer periods, its recent decline is more pronounced in the short term. The falling investor participation, evidenced by an 86.01% drop in delivery volume, further indicates a lack of confidence among investors, which may be exacerbating the stock's downward movement. Overall, the combination of high debt, weak long-term growth prospects, and recent underperformance relative to the sector is likely influencing the stock's current decline.