Why is UPL falling/rising?

As of 21-Aug, UPL Ltd. is experiencing a decline in its stock price, currently at Rs 710.85, which reflects a decrease of Rs 2.95 or 0.41%. Today's price summary indicates that the stock has underperformed its sector by 1.03% and has fallen after three consecutive days of gains. Despite this recent downturn, UPL has shown a strong performance over the past year, with a return of 25.09%, significantly outpacing the broader market, which has seen negative returns. The stock is currently trading close to its 52-week high, just 3.5% away from Rs 735.75, and is above all key moving averages, suggesting a generally positive trend. Positive financial results over the last three quarters, including a substantial increase in profits and attractive valuations compared to peers, contribute to investor interest, although concerns about high debt levels and low long-term growth persist.
In the broader market context, UPL's short-term return of 4.05% over the past week outperforms the Sensex, which has only gained 1.74% in the same period. This indicates that while UPL is facing some short-term challenges, its overall performance remains strong relative to the market. The company benefits from high institutional holdings, which can provide stability and confidence in its fundamentals. However, the high Debt to EBITDA ratio raises concerns about its financial health, potentially impacting investor sentiment. Overall, while UPL has demonstrated resilience and strong returns, the recent price decline may reflect a market correction after a period of gains and ongoing concerns about its debt levels.