Why is Spice IslandsInd falling/rising?

As of 30-Jun, Spice Islands Industries Ltd is experiencing a decline in its stock price, currently at 47.95, reflecting a decrease of 0.65 or 1.34%. Despite this recent drop, the stock has shown strong performance over the past week and month, with returns of 3.34% and 5.20%, respectively. However, today the stock underperformed its sector by 2.18%. It is noteworthy that Spice Islands Industries is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. The company has reported positive quarterly results, with a highest PAT of Rs 1.56 cr and an EPS of Rs 3.63. Nonetheless, the stock faces challenges due to a negative book value and weak long-term growth, with net sales declining at an annual rate of 45.23% over the last five years.
In the broader market context, Spice Islands Industries has outperformed the Sensex in various time frames, including a year-to-date return of 14.36% compared to the Sensex's 7.00%. However, the recent decline in stock price may be attributed to falling investor participation, as evidenced by a significant drop in delivery volume, which has decreased by 99.32% against the 5-day average. The company's high debt levels and negative EBITDA further contribute to its perceived riskiness, which may deter investors despite its historical performance. Overall, while the stock has shown strong returns over the long term, current fundamental weaknesses and market conditions are influencing its recent price movement.