Why is Tasty Bite Eat. falling/rising?

As of 09-Jul, Tasty Bite Eatables Ltd is currently priced at Rs 11,609.00, reflecting a decrease of Rs 53.85 or 0.46%. The stock has underperformed its sector by 1.22% today and has experienced a trend reversal, falling after two consecutive days of gains. It reached an intraday low of Rs 11,428.95, marking a decline of 2.01%. Despite this, the stock has shown positive performance over the past week, with a return of 5.67%, and a notable 14.00% increase over the past month. The company has reported strong net sales growth of 29.31% and a low debt-to-equity ratio of 0.23 times, indicating financial stability. However, its profits have decreased by 38.3% over the past year, which may contribute to the current price decline.
In the broader market context, Tasty Bite's recent performance contrasts with the benchmark Sensex, which has only increased by 0.15% over the past week. While the stock has outperformed the market with a 12.37% return over the last year compared to the BSE500's 1.43%, its longer-term performance over three years shows a significant underperformance relative to the benchmark, with a return of only 16.92% compared to 53.33% for the Sensex. This disparity may be influencing investor sentiment, leading to the current decline in stock price despite the company's solid sales growth and low debt levels.