Why is TPL Plastech falling/rising?

As of 04-Aug, TPL Plastech Ltd is experiencing a decline in its stock price, currently at Rs 75.68, which reflects a decrease of Rs 1.28 or 1.66%. The stock has underperformed its sector by 2.65% today and has been on a downward trend for the past two days, accumulating a total loss of 5.16%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The company's performance over various periods shows a significant decline, with a year-to-date drop of 25.07% and a one-year return of -35.45%, while its net sales and operating profit growth over the last five years have been modest at 10.81% and 11.69%, respectively. The stock's high valuation compared to peers, indicated by a PEG ratio of 1.3, and low domestic mutual fund ownership suggest a lack of confidence among investors.
In the broader market context, TPL Plastech's recent performance contrasts sharply with the benchmark, as the Sensex has shown a slight gain of 0.16% over the past week and a positive return of 3.69% year-to-date. This underperformance is further emphasized by the stock's significant decline relative to the market, which has only fallen by 2.34% over the past year. The company's ability to service its debt is a positive factor, with a low Debt to EBITDA ratio of 1.33 times, but the overall sentiment remains negative due to the stock's poor long-term growth prospects and the flat results reported in March. The combination of these factors contributes to the stock's current downward trajectory.