Why is Spectrum Foods falling/rising?

As of 16-Sep, Spectrum Foods Ltd's stock price is currently at 20.29, reflecting a slight increase of 0.1 or 0.5%. The stock has shown a trend reversal by gaining after two consecutive days of decline, and it has outperformed its sector by 0.88%. However, despite this recent uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.07%, and it has underperformed significantly over the last month and year, with returns of -8.60% and -27.59%, respectively. Positive results from June 25 indicate substantial growth in profit before tax and profit after tax compared to previous quarters, but the company is burdened by high debt and weak long-term fundamentals, which may contribute to investor caution.
In the broader market context, while the Sensex has gained 1.58% over the past week, Spectrum Foods has not kept pace, reflecting a broader trend of underperformance with a year-to-date decline of 29.70% compared to the Sensex's increase of 5.43%. The stock's high debt-to-equity ratio and negative EBITDA signal significant risks, which may deter investors despite the recent positive earnings growth. The overall market has seen negative returns, but Spectrum Foods' decline has been more pronounced, indicating that investor sentiment remains cautious, particularly given the company's poor long-term growth prospects and high debt levels.