Why is TPL Plastech falling/rising?

As of 25-Jul, TPL Plastech Ltd's stock price is currently at Rs 76.35, reflecting a decline of Rs 1.8 or 2.3%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 4.08% during this period. It is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 4.61%, and year-to-date, it has experienced a significant decline of 24.41%. Despite a low Debt to EBITDA ratio of 1.33 times indicating a strong ability to service debt, the company's long-term growth prospects appear poor, with net sales and operating profit growing at only 10.81% and 11.69% annually over the last five years, respectively. Additionally, the stock's premium valuation compared to peers and the low domestic mutual fund ownership suggest a lack of confidence among investors.
Broader market context shows that TPL Plastech has significantly underperformed the benchmark, with a one-year return of -25.04% compared to the Sensex's positive return of 1.78%. The broader market has also seen a slight decline, with the BSE500 returning -0.19% over the same period, highlighting the stock's substantial weakness relative to the market. The stock's recent performance, combined with its flat results and high valuation metrics, contributes to a negative sentiment among investors, further exacerbating its price decline.