Why is Agribio Spirits falling/rising?

As of 23-Sep, Agribio Spirits Ltd is experiencing a slight decline in its stock price, currently at 225.35, reflecting a decrease of 0.3 or 0.13%. Despite this recent drop, the stock has shown strong performance over the past month, with a return of 15.98%, and has significantly outperformed the benchmark Sensex, which has only increased by 0.98% during the same period. The stock has been trading above its moving averages across various time frames, indicating a generally positive trend. However, it has seen a reversal after two consecutive days of gains, and there has been a notable decrease in investor participation, with delivery volume falling by 14.26% compared to the five-day average. Additionally, while the company has reported positive results in recent quarters, including a 127.9% growth in net sales, the decrease in promoter holding to 43.5% raises concerns about long-term confidence in the stock.
In the broader market context, Agribio Spirits has outperformed the Sensex over the past week, where the stock gained 0.60% compared to the benchmark's decline of 0.34%. However, the stock's recent performance is tempered by underlying issues, such as operating losses and a weak ability to service debt, indicated by a poor EBIT to interest ratio of 0.11. While the stock has delivered impressive returns of 168.27% over the past year, the company's profitability remains low, as evidenced by a return on equity of only 9.38%. These factors contribute to a perception of risk, particularly given the negative EBITDA and the stock trading at higher valuations compared to historical averages, which may lead to cautious sentiment among investors.