Why is Spice IslandsInd falling/rising?

As of 25-Jul, Spice Islands Industries Ltd is experiencing a decline in its stock price, currently at Rs 47.01, which reflects a decrease of Rs 1.67 or 3.43%. Today's price summary indicates that the stock opened significantly lower, down 5.32%, and reached an intraday low of Rs 44.95, marking a 7.66% drop. The stock has underperformed its sector by 0.56% today, and the delivery volume has decreased dramatically, falling by 85.29% compared to the five-day average. Over the past week, the stock has declined by 4.22%, while its one-year performance shows a notable drop of 10.97%. Despite a strong quarterly profit growth of 743.3% and a high EPS, the company faces challenges such as a negative book value, weak long-term growth, and a high debt-to-equity ratio, contributing to its current price decline.
In the broader market context, the stock's performance has been notably worse than the benchmark, with the BSE500 index showing a slight negative return of 0.19% over the past year, while Spice Islands Industries Ltd has fallen by 10.97%. This underperformance highlights the stock's struggles in comparison to the overall market. The textile sector, in which the company operates, has also seen a decline of 2.96%, further indicating a challenging environment for the stock. Given these factors, the combination of poor short-term performance, high debt levels, and negative investor sentiment suggests that the stock is facing significant headwinds.