Why is Spectrum Foods falling/rising?

As of 15-Sep, Spectrum Foods Ltd is currently priced at 20.19, reflecting a slight decline of 0.01 or 0.05%. The stock has been experiencing consecutive falls, losing 2.7% over the last two days and underperforming significantly in the past week and month, with returns of -2.93% and -9.05%, respectively. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. Despite some positive quarterly results, including substantial growth in profit before tax and profit after tax, the company is burdened by high debt and weak long-term fundamentals, with an alarming debt-to-equity ratio of 3.03 times and a negative EBITDA, contributing to its recent price decline.
In the broader market context, Spectrum Foods has notably underperformed compared to the Sensex, which has gained 1.24% over the past week and 1.47% over the past month. The stock's year-to-date performance is particularly concerning, with a decline of 30.04%, while the benchmark has risen by 4.67%. This stark contrast highlights the stock's struggles amidst a generally improving market environment. The combination of high debt, poor long-term growth prospects, and significant underperformance relative to the market suggests that investor sentiment remains negative, contributing to the stock's current downward trajectory.