Why is Megastar Foods falling/rising?

As of 23-Jun, Megastar Foods Ltd is experiencing a decline in its stock price, currently at Rs 276.50, which reflects a decrease of Rs 10.5 or 3.66%. Today's performance indicates that the stock has underperformed its sector by 3.09% and has fallen after three consecutive days of gains. The stock reached an intraday low of Rs 263, marking an 8.36% drop. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 14.66% and 11.07%, respectively. However, the company's profits have fallen by 40% over the past year, which, combined with a high Debt to EBITDA ratio of 3.77 times, raises concerns about its ability to service debt and may contribute to the recent price drop.
In the broader market context, while Megastar Foods has outperformed the Sensex significantly in the year-to-date period with a return of 24.92% compared to the Sensex's 4.81%, its recent decline contrasts with this overall strong performance. The stock's recent underperformance today suggests a potential trend reversal, despite increasing participation from institutional investors, who have raised their stake by 0.54% in the last quarter. This indicates that while there is confidence from institutional investors, the current market sentiment may be influenced by the company's declining profits and high debt levels, leading to the observed stock price decrease.