Why is Restaurant Brand falling/rising?

As of 31-Oct, Restaurant Brands Asia Ltd is experiencing a decline in its stock price, currently at Rs 67.12, reflecting a decrease of Rs 4.82 or 6.7%. The stock has underperformed its sector today by 5.76%, touching an intraday low of Rs 66.76. Over the past week, the stock has decreased by 5.50%, and it has shown a significant decline of 20.91% year-to-date. The company's performance is further highlighted by its weak long-term fundamentals, including a Return on Capital Employed (ROCE) of 0% and a high Debt to EBITDA ratio of 5.02 times. Additionally, the recent quarterly results showed a net profit after tax (PAT) of Rs -58.60 crore, which is a 12.3% decline compared to the previous four-quarter average, contributing to the stock's negative sentiment.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, with a year-to-date return of -20.91% against the Sensex's positive return of 7.42%. This consistent underperformance over the last three years, where the stock has generated -26.04% returns, indicates a lack of investor confidence. While there has been a rise in investor participation with a 71.63% increase in delivery volume, the overall liquidity remains modest, and the stock is trading below all major moving averages. The high institutional holdings at 60.72% suggest that these investors are aware of the company's fundamentals, which appear weak, further reinforcing the stock's downward trajectory.