Why is Kothari Ferment. falling/rising?

As of 23-Jun, Kothari Fermentation & Biochem Ltd is experiencing a decline in its stock price, currently at Rs 59.84, reflecting a decrease of Rs 1.67 or 2.72%. The stock has been underperforming significantly, with a consecutive fall over the last seven days resulting in a total decline of 14.51%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite some positive financial results, such as a substantial growth in profit before tax and net sales, the overall sentiment is dampened by weak long-term fundamentals, including a negative CAGR growth in operating profits and a high debt-to-EBITDA ratio. Additionally, a reduction in promoter stake suggests diminishing confidence in the company's future prospects.
In the broader market context, Kothari Fermentation's performance has been notably poor compared to the benchmark Sensex, which has shown a slight increase of 0.12% over the past week while the stock has dropped by 10.75%. This stark contrast highlights the stock's struggles in the current market environment. Furthermore, the stock's year-to-date performance shows a decline of 20.21%, while the Sensex has gained 4.81%, reinforcing the notion that Kothari Fermentation is not only underperforming in the short term but also lagging behind the broader market trends.