Why is Spectrum Foods falling/rising?

As of 18-Sep, Spectrum Foods Ltd is experiencing a decline in its stock price, currently at Rs. 19.50, which reflects a decrease of Rs. 0.77 or 3.8%. The stock has hit a new 52-week low today and has underperformed its sector by 4.19%. It has been on a downward trend for the last two days, accumulating a total fall of 3.89%. Over the past week, the stock has decreased by 6.02%, and its year-to-date performance shows a significant decline of 32.43%. The company has high debt levels, with a debt-to-equity ratio of 3.03 times, and has reported negative EBITDA, indicating financial instability. Despite some positive quarterly results, the long-term growth outlook remains poor, with operating profit declining at an annual rate of 192.64% over the last five years.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with the Sensex gaining 1.80% over the past week while Spectrum Foods has lost 6.02%. This underperformance is further highlighted by the stock's return of -31.17% over the past year, compared to the BSE500's negative return of only -1.96%. The falling investor participation, with a significant drop in delivery volume, suggests waning interest in the stock, contributing to its current price decline. Overall, the combination of high debt, poor long-term growth prospects, and recent underperformance against the market has led to a negative sentiment surrounding Spectrum Foods Ltd.