Why is Megastar Foods falling/rising?

As of 24-Jun, Megastar Foods Ltd is currently priced at 273.95, reflecting a decrease of 2.55, or 0.92%. The stock has been underperforming its sector, having fallen consecutively for the last two days with a total decline of 4.55%. Despite this recent downturn, the stock has shown strong performance over the past week, gaining 15.71%, and has also outperformed the benchmark Sensex in various time frames, including a year-to-date return of 23.76% compared to the Sensex's 5.01%. However, the company has experienced a significant drop in profits by 40% over the past year, which may be contributing to investor concerns. Additionally, the stock is trading at a discount compared to its peers, but it also has a high Debt to EBITDA ratio of 3.77, indicating a low ability to service debt, which could be affecting investor sentiment.
In the broader market context, while Megastar Foods has outperformed the Sensex in the short term, the recent decline in its stock price suggests a divergence from this trend. The stock's recent performance has been negatively impacted by a decrease in investor participation, with delivery volumes falling by 22.54% against the five-day average. Furthermore, despite an increase in institutional investor participation, which rose by 0.54% in the previous quarter, the overall sentiment appears cautious due to the company's poor long-term growth prospects and flat results reported in March. This combination of factors may be leading to a more bearish outlook among investors, contributing to the stock's recent price decline.