Why is Spice LoungeFood falling/rising?

As of 07-Oct, Spice LoungeFood Works Ltd is experiencing a decline in its stock price, currently at 37.61, reflecting a decrease of 0.76 or 1.98%. The stock has underperformed its sector by 2.15% today and has been on a consecutive downward trend for the last four days, resulting in a significant drop of 7.71% over the past week. While the stock has shown impressive year-to-date growth of 313.30%, it has faced challenges recently, including a decline in returns over the past month by 23.10%. The company's recent financial results indicated positive performance in June, with record highs in PBDIT, PBT, and PAT, but the overall sentiment is dampened by a very expensive valuation indicated by a Price to Book Value of 24.1 and a low return on equity of 5.2%. Additionally, promoter confidence has waned, with a 2.68% reduction in their stake, suggesting concerns about the company's future prospects.
In the broader market context, the Sensex has shown resilience, gaining 2.07% over the past week, contrasting sharply with Spice LoungeFood's decline. This disparity highlights the stock's underperformance relative to the benchmark, which has also increased by 1.51% over the past month. Despite the stock's strong long-term performance, the recent negative trends, including falling returns and reduced promoter confidence, have contributed to its current downward trajectory. The liquidity of the stock remains adequate, with a notable increase in delivery volume, but this has not been sufficient to counteract the prevailing negative sentiment in the short term.