Why is UPL falling/rising?

As of 29-Aug, UPL Ltd. is experiencing a decline in its stock price, currently at Rs 711.75, which reflects a decrease of Rs 5.1 or 0.71%. The stock has underperformed its sector today by 0.88% and has been on a downward trend for the past three days, resulting in a total drop of 1.69% during this period. Despite being close to its 52-week high, the stock's performance over the last week and month shows a slight decline of 0.27% and 1.86%, respectively. Positive factors include strong financial results over the last three quarters, with a significant increase in profits and a favorable PEG ratio of 0.2, indicating attractive valuations compared to peers. However, the company faces risks such as a high Debt to EBITDA ratio of 2.67 times, which raises concerns about its ability to service debt, and a low average Return on Equity of 9.41%, suggesting limited profitability.
In the broader market context, UPL's short-term performance has been relatively better than the benchmark, with a 1-week return of -0.27% compared to the Sensex's -1.84%. Over the past year, UPL has outperformed the broader market significantly, generating a return of 22.89% while the Sensex has declined by 2.83%. This indicates that while the stock is currently facing some short-term challenges, it has maintained a strong performance relative to the overall market, supported by high institutional holdings and a substantial market cap within its sector.