Why is Sapphire Foods falling/rising?

As of 07-Jul, Sapphire Foods India Ltd is currently priced at 335.50, reflecting a decrease of 2.05, or 0.61%. Despite this decline, the stock has shown positive performance over the past week with a return of 2.16%, outperforming the Sensex, which has fallen by 0.20%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally strong trend. However, the company has faced challenges, including a significant drop in profits over the past year, with a 34.6% decrease, despite a 5.98% return. The high institutional holdings at 68.92% suggest confidence from larger investors, but the weak long-term fundamentals, including a low Return on Capital Employed (ROCE) and a high debt-equity ratio, may be contributing to the stock's current price decline.
In the broader market context, while Sapphire Foods has outperformed the Sensex in the short term, its year-to-date return of 0.15% lags behind the benchmark's 6.79%. This underperformance, coupled with negative financial results reported in March, including a significant drop in profit before tax and a high debt-equity ratio, raises concerns among investors. The stock's attractive valuation relative to peers may not be enough to offset the negative sentiment stemming from its declining profitability and weak long-term growth prospects.