Why is Spice IslandsInd falling/rising?

As of 28-Jul, Spice Islands Industries Ltd is experiencing a price increase, currently at Rs 48.70, which reflects a rise of 1.69 or 3.59%. The stock has shown strong performance today, outperforming its sector by 4.48% and opening with a gain of 4.23%. It reached an intraday high of Rs 49, although it also touched a low of Rs 45.66 during the day. Over the past week, the stock has increased by 2.33%, while its year-to-date return stands at 16.15%. Positive factors contributing to this rise include a significant growth in profit after tax of 743.3% compared to the previous four-quarter average and the highest earnings per share recorded at Rs 3.63. However, the company faces challenges with a negative book value and a high debt-to-equity ratio, indicating weak long-term fundamental strength.
In the broader market context, Spice Islands Industries Ltd has outperformed the Sensex, which has declined by 1.59% over the past week. The stock's recent performance contrasts with the benchmark's year-to-date return of 3.52%, highlighting its relative strength in a challenging market environment. Despite the positive short-term movements, the company’s long-term growth prospects are concerning due to a significant decline in net sales and a negative EBITDA, which may pose risks for investors. Overall, while the stock is currently rising, its long-term fundamentals suggest caution.