Why is Globus Spirits falling/rising?

As of 01-Aug, Globus Spirits Ltd is currently priced at 1,265.30, reflecting a decrease of 10.85 points or 0.85%. The stock has experienced a trend reversal, falling after 17 consecutive days of gains, and touched an intraday low of Rs 1246.55, which is a decline of 2.32%. Despite this recent drop, the stock has shown strong performance over the past month with a return of 32.02%, and a year-to-date increase of 45.29%. However, it is important to note that while the stock has been performing well overall, its profits have significantly declined by 74.2% over the past year, which may be contributing to the current price movement. The stock is also trading above its moving averages, indicating a generally positive trend, but there has been a notable decrease in investor participation, with delivery volume falling by 59.24% against the 5-day average.
In the broader market context, the stock has outperformed the benchmark Sensex, which has seen a decline of 1.06% over the past week and a negative return of 3.70% over the past month. This indicates that while Globus Spirits has been able to generate positive returns, the overall market sentiment has been weak. The stock's ability to maintain a high return on capital employed (ROCE) of 15.81% and a low debt-to-equity ratio of 0.33 times suggests strong management efficiency, which could support its valuation despite recent profit declines. Overall, while the stock has shown resilience against market trends, the recent price drop may reflect profit-taking after a sustained rally and concerns over declining profitability.