Why is UPL falling/rising?

As of 30-Jul, UPL Ltd. is experiencing a decline in its stock price, currently at Rs 722.50, which reflects a decrease of -2.75 (-0.38%). The stock has underperformed its sector by -0.85% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of -0.97% during this period. Despite being close to its 52-week high, the stock's performance over the past week shows a slight decline of -0.76%, while it has performed well over the past month with a return of +9.37%. The company's strong financial results, including a significant growth in operating profit and a high return on capital employed, suggest a solid foundation; however, concerns about its high debt-to-EBITDA ratio and low long-term growth potential may be contributing to the recent price drop.
In the broader market context, UPL's performance contrasts with the benchmark Sensex, which has declined by -1.50% over the past week. While UPL has outperformed the market with a year-to-date return of +43.92% compared to the Sensex's +4.28%, the recent short-term underperformance may be affecting investor sentiment. The stock's liquidity remains adequate, but a decrease in delivery volume indicates falling investor participation, which could further pressure the stock price. Overall, while UPL has shown strong fundamentals and market-beating performance over the longer term, the recent price decline may reflect investor caution amid concerns about debt levels and growth sustainability.