Why is Mukka Proteins falling/rising?

As of 14-Aug, Mukka Proteins Ltd is experiencing a decline in its stock price, currently at Rs 26.88, which represents a decrease of Rs 0.96 or 3.45%. The stock has fallen after two consecutive days of gains and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.83%, and in the last month, it has dropped by 9.34%. Additionally, the stock is close to its 52-week low, being only 3.65% away from Rs 25.9. The company has reported negative results for the last six consecutive quarters, with significant declines in net sales and profits, contributing to a poor performance of -40.04% over the past year. Furthermore, the high Debt to EBITDA ratio of 4.36 times indicates a low ability to service debt, which raises concerns among investors.
In the broader market context, Mukka Proteins' performance has been notably worse than the benchmark, with the Sensex showing a slight decline of only 0.03% over the past week and a modest gain of 3.15% year-to-date. This stark contrast highlights the stock's underperformance, particularly as institutional investors have reduced their stake by 0.65% in the previous quarter, indicating a lack of confidence in the company's fundamentals. The aquaculture sector, in which Mukka operates, has also seen a decline of 2.95%, further reflecting the challenging environment for the company. Overall, the combination of poor financial results, high debt levels, and falling institutional interest has led to a negative sentiment surrounding Mukka Proteins, resulting in its current stock price decline.