Why is Tasty Bite Eat. falling/rising?

As of 24-Sep, Tasty Bite Eatables Ltd is experiencing a decline in its stock price, currently at Rs 9,202.20, which reflects a decrease of 14.55 points or 0.16%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 2.65% during this period. It is trading below its moving averages across various time frames, indicating a bearish trend. 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 30.18% over the past year. This poor performance is compounded by a lack of interest from domestic mutual funds, which hold no stake in the company, suggesting a lack of confidence in its long-term growth prospects.
In the broader market context, Tasty Bite's short-term performance has been notably worse than the benchmark, with a 1-week return of -2.57% compared to the Sensex's -1.18%. This underperformance is consistent with its longer-term trends, as the stock has lagged behind the BSE500 over the past three years, one year, and three months. The company's annual growth rates in net sales and operating profit over the last five years have been relatively low, raising concerns about its long-term viability. Overall, the combination of recent price declines, poor long-term growth indicators, and lack of institutional support contributes to the stock's downward trajectory.