Why is Spectrum Foods falling/rising?

As of 23-Sep, Spectrum Foods Ltd is experiencing a decline in its stock price, currently at Rs 18.85, down by 0.11 or 0.58%. The stock has been underperforming, with a consecutive fall over the last five days, resulting in a total decline of 7.1% during this period. It is also trading below all key moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 2.92% away from Rs 18.3. Despite some positive quarterly results showing significant growth in profit before tax and profit after tax, the company is burdened by high debt and weak long-term fundamentals, which have contributed to its poor performance, including a staggering annual decline in operating profit of 192.64% over the last five years.
In the broader market context, Spectrum Foods has significantly underperformed compared to the benchmark, with a year-to-date return of -34.68% against the Sensex's positive return of 5.07%. This stark contrast highlights the company's struggles relative to the overall market, which has seen a slight uptick. The stock's recent performance is further compounded by a decrease in investor participation, as evidenced by a 10.55% drop in delivery volume compared to the five-day average. Given these factors, the stock's trajectory appears to be influenced by both internal challenges and a lack of market confidence, leading to its current downward movement.