Why is UPL falling/rising?

As of 07-Jul, UPL Ltd. is experiencing a decline in its stock price, currently at Rs 679.15, which reflects a decrease of Rs 1.8 or 0.26%. The stock has been losing value for the past two days, with a total drop of 0.69% during this period. Despite this recent downturn, UPL has shown strong performance over the past week and month, with returns of 2.81% and 5.66%, respectively. The stock is currently trading close to its 52-week high, just 2.9% away from Rs 698.85. However, there has been a notable decrease in investor participation, with delivery volume falling by 11.43% compared to the 5-day average. The company has reported very positive financial results, including a significant growth in operating profit and high institutional holdings, which typically indicate strong investor confidence. Nonetheless, concerns about its high debt-to-EBITDA ratio and low long-term growth potential may be contributing to the recent price decline.
In the broader market context, UPL's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.20% over the past week. While UPL has outperformed the sector by 0.74% today, its overall performance in the last three years has lagged behind the benchmark, with a return of -0.44% compared to Sensex's 54.01%. Despite the company's strong short-term returns and positive financial indicators, the recent price drop may reflect market concerns regarding its ability to manage debt and sustain growth, which could be influencing investor sentiment and contributing to the stock's current downward trend.