Why is Sapphire Foods falling/rising?

As of 25-Sep, Sapphire Foods India Ltd is currently priced at 307.85, reflecting a slight increase of 0.3 (0.1%). The stock has shown a positive performance today, outperforming its sector by 0.49% and achieving a consecutive gain over the last two days with a total return of 0.69%. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation has decreased, with delivery volume falling by 12.79% against the 5-day average. Despite a significant decline in profits over the past year by 33.4%, the company maintains healthy long-term growth with net sales increasing at an annual rate of 28.20% and operating profit at 32.48%. The stock is also trading at a discount compared to its peers, supported by high institutional holdings at 69.41%.
In the broader market context, Sapphire Foods has underperformed relative to the benchmark Sensex over various periods, including a 1-week return of -4.75% compared to the Sensex's -2.23%. This trend continues in the 1-month and year-to-date comparisons, where the stock has declined by 5.57% and 8.10%, respectively, while the Sensex has shown positive returns. The stock's long-term performance over three years is positive at +6.18%, but it still lags behind the Sensex's impressive +39.69% return in the same period. Overall, while there are some positive indicators for Sapphire Foods, the recent price movements and broader market comparisons suggest a challenging environment for the stock.