Why is Tasty Bite Eat. falling/rising?

As of 22-Sep, Tasty Bite Eatables Ltd is experiencing a decline in its stock price, currently at 9,300.50, which reflects a decrease of 83.55 points or 0.89%. The stock has underperformed its sector by 0.69% today and has been on a downward trend for the last two days, accumulating a total decline of 1.61%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite the company reporting positive results over the last three quarters, including a significant growth in net sales and a low debt-equity ratio, the stock has generated a negative return of 29.78% over the past year, which raises concerns about its long-term growth potential.
In the broader market context, Tasty Bite's short-term performance has been notably weaker than the benchmark, with a 1-week return of -1.26% compared to the Sensex's positive return of 0.46%. This underperformance is compounded by a lack of domestic mutual fund investment, which may indicate a lack of confidence in the stock's valuation or business prospects. Additionally, the stock's long-term growth metrics, such as a modest annual growth rate in net sales and operating profit over the past five years, further contribute to the negative sentiment surrounding the stock. Overall, the combination of poor recent performance, declining investor participation, and concerns over long-term growth prospects are driving the stock's decline.