Why is Sapphire Foods falling/rising?

As of 21-Jul, Sapphire Foods India Ltd is currently priced at 334.35, reflecting a decrease of 5.25 points or 1.55%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.17%. Despite opening with a gain of 3.86% and reaching an intraday high of Rs 352.7, it ultimately traded closer to its low of Rs 331.6. Over the past week, the stock has shown a positive return of 1.30%, and over the last month, it has increased by 2.20%. However, its year-to-date performance is slightly negative at -0.19%. The stock's valuation appears attractive with a Return on Capital Employed (ROCE) of 4.6, but it has faced challenges, including a significant drop in profits by 34.6% over the past year.
In the broader market context, while the Sensex has gained 5.20% year-to-date, Sapphire Foods has lagged behind with a slight decline. The stock's recent performance has been impacted by weak long-term fundamentals, including a low average ROCE of 6.38% and a high debt-equity ratio of 0.92 times. Furthermore, the company's recent financial results have shown negative trends, with a substantial drop in profit before tax and profit after tax compared to previous quarters. Although institutional holdings are high at 68.92%, indicating confidence from larger investors, the overall market sentiment and the company's declining profitability have contributed to the stock's recent downward movement.