Why is Mukka Proteins falling/rising?

As of 28-Jul, Mukka Proteins Ltd is experiencing a decline in its stock price, currently at Rs 28.20, which reflects a decrease of 0.8 or 2.76%. The stock has hit a new 52-week low today and has been on a consecutive downward trend for the last six days, resulting in a total decline of 5.87% during this period. Over the past week, the stock has underperformed with a return of -5.05%, compared to the Sensex's decline of only -1.59%. Additionally, the company's financial health is concerning, as it has reported negative results for the last five consecutive quarters, with net sales and profit after tax both showing significant declines. The high Debt to EBITDA ratio of 4.36 times further indicates a low ability to service debt, contributing to negative investor sentiment.
In the broader market context, Mukka Proteins' performance has been notably poor compared to the benchmark indices. While the stock has generated a return of -45.52% over the past year, the Sensex has only seen a slight decline of -0.54%. The aquaculture sector, in which Mukka operates, has also faced challenges, falling by 4.13%. Despite a slight increase in delivery volume, indicating some rising investor participation, the overall trend remains negative, compounded by a decrease in institutional investor stakes. This combination of poor short-term performance, high debt levels, and declining sales has led to a lack of confidence among investors, resulting in the stock's downward trajectory.