Why is Spice IslandsInd falling/rising?

As of 21-Jul, Spice Islands Industries Ltd is experiencing a decline in its stock price, currently at Rs 47.59, which represents a decrease of Rs 1.49 or 3.04%. Today's price summary indicates that the stock has underperformed its sector by 2.62% and has fallen after three consecutive days of gains. It opened with a significant loss of 6.28% and reached an intraday low of Rs 44.45, reflecting a drop of 9.43%. Despite trading above its moving averages, the stock's long-term fundamentals are concerning, as it has a negative book value and a weak growth trajectory, with net sales declining at an annual rate of 45.23% over the last five years. Additionally, while the company reported a substantial growth in PAT and EPS in its latest quarter, the overall financial health remains risky due to high debt levels and negative EBITDA.
In the broader market context, the stock has shown a positive return of 0.95% over the past week, while the benchmark Sensex has remained relatively flat with a change of -0.06%. However, over the last month, Spice Islands Industries Ltd has outperformed the Sensex with a return of 6.18% compared to the benchmark's -0.25%. Despite these short-term gains, the stock's recent performance is overshadowed by its long-term weaknesses, which include poor growth metrics and high debt, contributing to the current downward movement in price.