Why is Sapphire Foods falling/rising?

As of 18-Jul, Sapphire Foods India Ltd is experiencing a decline in its stock price, currently at Rs 339.60, which reflects a decrease of Rs 2.15 or 0.63%. Today's price summary indicates that the stock has underperformed its sector by 0.49% and has fallen after three consecutive days of gains. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 2.15% and 4.81%, respectively. However, it is important to note that while the stock has generated a return of 9.88% over the past year, its profits have decreased by 34.6%. The stock is trading at a discount compared to its peers, and it has a high institutional holding of 68.92%, suggesting confidence from larger investors despite its weak long-term fundamentals.
In the broader market context, the stock has outperformed the benchmark index, BSE500, which has reported negative returns of 0.36% over the past year. This indicates that Sapphire Foods has been able to deliver positive returns even in a challenging market environment. However, the recent negative financial results, including a significant drop in profit before tax and a high debt-equity ratio, may be contributing to the current price decline. The stock's liquidity is adequate for trading, but the overall weak long-term growth prospects and declining profitability could be causing investors to reassess their positions, leading to the current price movement.