Why is Sapphire Foods falling/rising?

As of 09-Oct, Sapphire Foods India Ltd is experiencing a decline in its stock price, currently at Rs 286.80, which represents a decrease of Rs 6.9 or 2.35%. The stock has underperformed its sector by 2.15% today, touching an intraday low of Rs 286.2. Over the past week, the stock has decreased by 3.42%, and it has shown a significant decline of 10.78% over the past month. Additionally, the stock has consistently underperformed against the benchmark, with a return of -18.72% over the past year compared to the Sensex's gain of 0.87%. The company's weak performance is further highlighted by a substantial drop in delivery volume, which has fallen by 72.99% against the 5-day average, indicating reduced investor interest.
Broader Market Context: In the context of the broader market, Sapphire Foods has not only lagged behind the Sensex in the short term but has also shown a consistent underperformance over the last three years. While the company has reported healthy long-term growth in net sales and operating profit, its profitability has been undermined by a significant decline in profits of 33.4% over the past year. The company's high debt levels, indicated by a debt-equity ratio of 0.92 and a poor EBIT to interest ratio of 0.92, further exacerbate concerns regarding its financial stability. These factors contribute to the stock's downward trajectory, as investors remain cautious amid the company's weak ability to service its debt and generate adequate returns on equity.