Why is Spectrum Foods falling/rising?

As of 19-Sep, Spectrum Foods Ltd is experiencing a slight decline in its stock price, currently at Rs 19.47, reflecting a decrease of 0.03 or 0.15%. The stock has been underperforming recently, with a consecutive fall over the last three days resulting in a total decline of 4.04%. It is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a recent positive performance in terms of delivery volume, which increased by 97.59% against the 5-day average, the stock remains close to its 52-week low, just 2.41% away. The company has shown significant growth in profit before tax and profit after tax in the latest quarter; however, it is burdened by high debt and poor long-term growth prospects, with an annual operating profit decline of 192.64% over the last five years.
In the broader market context, Spectrum Foods has significantly underperformed compared to the benchmark Sensex, which has gained 0.88% over the past week while the stock has dropped by 3.61%. Year-to-date, the stock has fallen by 32.54%, contrasting sharply with the Sensex's increase of 5.74%. This stark difference highlights the stock's struggles in a generally positive market environment. The negative sentiment surrounding the stock is exacerbated by its high debt-to-equity ratio and a negative EBITDA, making it a risky investment compared to its historical valuations. Overall, the combination of poor short-term performance, high debt levels, and weak long-term fundamentals contributes to the stock's current downward trajectory.