Why is Spice LoungeFood falling/rising?

As of 11-Nov, Spice Lounge Food Works Ltd is experiencing a decline in its stock price, currently at Rs 46.85, which reflects a decrease of Rs 2.39 or 4.85%. The stock has been underperforming, having lost 15.16% over the past week and has been on a consecutive four-day decline. Today, it opened with a loss of 5% and reached an intraday low of Rs 46.78. Additionally, the stock's delivery volume has significantly decreased by 62.35% compared to its five-day average, indicating falling investor participation. Despite a remarkable year-to-date return of 414.84% and a staggering 823.88% increase over the past year, the recent performance suggests a shift in market sentiment, possibly influenced by the stock's recent consecutive losses.
In the broader market context, while the Sensex has shown a modest gain of 0.49% over the past week, Spice Lounge's short-term performance starkly contrasts this, highlighting its underperformance relative to the benchmark. The stock's current decline is compounded by its recent high volatility and the significant drop in trading volume, which may signal reduced investor confidence. Despite the company's positive financial results reported in June, which included record-high profits, the recent negative momentum and market conditions have overshadowed these achievements, leading to the current downward trend in the stock price.