Why is Mukka Proteins falling/rising?

As of 29-Aug, Mukka Proteins Ltd's stock price is flat at Rs 26.70, with no change in percentage terms. The stock has underperformed its sector by 0.84% today and is currently trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has declined by 1.26%, and it has experienced a significant drop of 34.96% year-to-date, while the Sensex has gained 2.14% in the same period. The company's financial health is concerning, as it has reported negative results for six consecutive quarters, with net sales falling by 32.1% compared to the previous four-quarter average. Additionally, the high Debt to EBITDA ratio of 4.36 times raises concerns about its ability to service debt, further impacting investor confidence.
In the broader market context, Mukka Proteins has lagged behind the benchmark indices, with a one-year return of -43.85% compared to the Sensex's decline of only 2.83%. This stark contrast highlights the company's poor performance relative to the market. Institutional investors have also reduced their stake in the company by 0.65%, indicating a lack of confidence among more sophisticated investors. The combination of falling investor participation, poor financial results, and a weak long-term growth outlook contributes to the stock's downward pressure, making it a challenging environment for Mukka Proteins Ltd.