Why is Prataap Snacks falling/rising?

As of 26-Aug, Prataap Snacks Ltd is experiencing a decline in its stock price, currently at Rs 900.60, which reflects a decrease of Rs 20.1 or 2.18%. The stock has underperformed its sector by 3.2% today, touching an intraday low of Rs 900.60. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, the stock has shown a significant decline over the past month, with a return of -9.76%, and a year-to-date drop of -21.09%. The company has also reported negative results for the last five consecutive quarters, with a drastic fall in operating profit and net profit, contributing to a perception of poor long-term growth. Additionally, there has been a decrease in institutional investor participation, which may signal a lack of confidence in the stock.
In the broader market context, the stock's short-term performance of -2.46% over the past week contrasts with the Sensex, which has only declined by 1.05%. This underperformance suggests that investor sentiment towards Prataap Snacks is particularly negative compared to the overall market. The company's low debt-to-equity ratio may be a positive factor; however, the substantial drop in profits and the ongoing negative operating results overshadow this aspect. The decline in delivery volume and the overall liquidity of the stock further indicate waning investor interest, reinforcing the stock's downward trajectory in a challenging market environment.