Why is UPL falling/rising?

As of 19-Sep, UPL Ltd. is experiencing a decline in its stock price, currently at 691.10, which reflects a decrease of 8.0 points or 1.14%. The stock has underperformed its sector by 1.37% today and has been on a consecutive downward trend for the last two days, accumulating a total return loss of 1.93% during this period. In terms of performance against benchmarks, the stock has shown a 1-month decline of 2.12% while the Sensex has increased by 1.20%. Despite positive results in the last three quarters and a significant increase in profits, the stock's recent movement is hindered by a high Debt to EBITDA ratio of 2.67 times, indicating low ability to service debt, and a poor long-term growth rate in operating profit.
Broader Market Context: In the context of the broader market, UPL's performance has been relatively strong over the year, generating a return of 16.53% compared to a negative return of -0.67% for the Sensex. However, in the short term, the stock's performance has lagged behind the benchmark, particularly over the last week where it has remained flat while the Sensex has gained 0.88%. The stock's high institutional holdings at 55.92% suggest confidence from larger investors, yet the recent price decline may reflect market concerns over its debt levels and profitability metrics, which could overshadow its otherwise attractive valuation compared to peers.