Why is Spice LoungeFood falling/rising?

As of 24-Sep, Spice LoungeFood Works Ltd is experiencing a decline in its stock price, currently at 37.67, which reflects a decrease of 0.76 or 1.98%. The stock has been underperforming significantly, having fallen consecutively for the last 15 days, resulting in a total decline of 26.05%. Additionally, the stock's performance today has underperformed its sector by 1.89%. While the stock has shown impressive year-to-date returns of 313.96%, it has also faced a 9.56% drop over the past week. The company's recent financial results indicate positive growth in key metrics, but the overall sentiment is affected by a very expensive valuation and a declining return on equity of 5.2. Furthermore, a notable decrease in promoter confidence, with a 2.68% reduction in their stake, suggests concerns about the company's future prospects.
In the broader market context, the stock's short-term performance has been significantly worse than the benchmark Sensex, which has only declined by 1.18% over the past week. This stark contrast highlights the stock's struggles relative to the market. The falling investor participation, evidenced by a 21.72% drop in delivery volume compared to the five-day average, further underscores the lack of confidence among investors. Despite the company's strong long-term performance, the combination of recent declines, high valuation concerns, and reduced promoter confidence has contributed to the current downward trend in the stock price.