Why is UPL falling/rising?

As of 08-Aug, UPL Ltd. is experiencing a decline in its stock price, currently at Rs 688.55, which reflects a decrease of Rs 17.3 or 2.45%. Today's price summary indicates that the stock underperformed its sector by 0.31%, with an intraday low of Rs 686.25, representing a drop of 2.78%. While the stock has shown positive returns over the past week (+3.58%) and month (+2.24%), it has also faced challenges, including a significant drop in delivery volume by 42.5% compared to the 5-day average. Despite positive financial results over the last three quarters and a strong return on equity, the high Debt to EBITDA ratio of 2.67 times raises concerns about the company's ability to service its debt, which may contribute to the recent price decline.
In the broader market context, while UPL has outperformed the benchmark BSE500 over the past year with a return of 25.81% compared to the benchmark's -1.79%, the current market sentiment appears to be negative, as indicated by the overall decline in the Pesticides & Agrochemicals sector by 2.27%. The stock's performance is also affected by its moving averages, which show it is currently lower than the 5-day and 20-day moving averages, suggesting a short-term downward trend. Overall, while UPL has demonstrated strong long-term performance, the recent price drop may reflect investor concerns regarding its debt levels and sector performance.