Why is Spice IslandsInd falling/rising?

As of 17-Jul, Spice Islands Industries Ltd is currently priced at 46.90, reflecting an increase of 0.41 or 0.88%. The stock has shown a positive performance today, outperforming its sector by 0.6%, and has experienced consecutive gains over the last two days, rising by 4.71% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 41.05% compared to the 5-day average. While the company reported positive quarterly results with the highest PAT and EPS, it also faces significant challenges, including a negative book value and weak long-term growth, with net sales declining at an annual rate of -45.23%.
In the broader market context, Spice Islands Industries Ltd has underperformed the benchmark Sensex over the past week, with a return of -1.47% compared to the Sensex's -1.12%. However, the stock has outperformed the benchmark over the past month and year-to-date, with returns of +1.96% and +11.85%, respectively. Despite these positive short-term trends, the company's high debt levels and negative EBITDA indicate a risky investment, which may contribute to volatility in its stock price. Overall, while recent gains suggest some investor confidence, the underlying financial weaknesses could temper long-term prospects.