Why is Agribio Spirits falling/rising?

As of 26-Jun, Agribio Spirits Ltd is currently priced at 187.00, reflecting a decrease of 0.5, or 0.27%. The stock has been experiencing a decline, having fallen consecutively for the last two days, resulting in a total drop of 3.61% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a remarkable increase of 287.56% over the past year and 352.24% over the last three years. However, the company faces challenges, including decreased promoter holding, which now stands at 43.5%, and ongoing operating losses that contribute to a weak long-term fundamental strength. The company's ability to service its debt is also concerning, as indicated by a poor EBIT to Interest ratio of 0.17, alongside a low Return on Equity of 9.38%.
In the broader market context, Agribio Spirits has underperformed compared to the Sensex in the short term, with a 1-week return of -6.71% against the benchmark's gain of 2.94%. While the stock has outperformed the sector today by 1.82%, the overall sentiment remains cautious due to its negative EBITDA and the risks associated with its current valuation. Despite the positive growth in net sales and profit after tax, the stock's recent performance reflects investor apprehension regarding its long-term profitability and financial stability.