Why is Spectrum Foods falling/rising?

As of 22-Sep, Spectrum Foods Ltd is experiencing a decline in its stock price, currently at Rs. 19.08, which reflects a decrease of 0.14 or 0.73%. The stock has hit a new 52-week low of Rs. 18.3 today and has underperformed its sector by 0.53%. Over the past four days, the stock has consistently fallen, resulting in a total decline of 5.96%. Additionally, the stock's performance over the last week shows a significant drop of 5.50%, and it has underperformed the benchmark Sensex, which has gained 0.46% in the same period. 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 annual operating profit decline of 192.64% over the last five years.
In the broader market context, while the Sensex has shown a modest increase of 1.05% over the past month, Spectrum Foods has seen a much steeper decline of 15.20% during the same timeframe. This stark contrast highlights the stock's underperformance relative to the market. The company's high debt-to-equity ratio of 3.03 times and negative EBITDA further contribute to its risk profile, making it less attractive to investors. Overall, the combination of poor recent performance, high debt levels, and weak long-term growth prospects has led to a negative sentiment surrounding Spectrum Foods, resulting in its current downward price movement.