Why is Tasty Bite Eat. falling/rising?

As of 11-Nov, Tasty Bite Eatables Ltd is experiencing a decline in its stock price, currently at Rs 8,570.00, reflecting a decrease of Rs 423.2 or 4.71%. The stock has underperformed its sector by 4.86% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 8,570 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 4.09%, and its year-to-date performance shows a significant decline of 13.49%. The company's recent financial results indicate a sharp drop in profit after tax and net sales, contributing to a negative sentiment around the stock. Additionally, the lack of domestic mutual fund investment suggests a lack of confidence in the company's valuation and growth prospects.
In the broader market context, Tasty Bite's short-term performance has been notably weaker than the benchmark Sensex, which has gained 0.49% over the past week. The stock's long-term performance is also concerning, with a 31.16% decline over the past year compared to the Sensex's 5.50% increase. This underperformance, coupled with poor growth metrics such as a low return on capital employed and a significant drop in operating cash flow, further exacerbates the negative outlook for the stock. The overall market sentiment appears to be cautious, reflecting broader concerns about the company's ability to generate sustainable growth and profitability.