Why is Tasty Dairy falling/rising?

As of 28-Jul, Tasty Dairy Specialities Ltd is experiencing a decline in its stock price, currently at 9.25, which reflects a decrease of 0.09 or 0.96%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.75% during this period. In terms of returns, the stock has shown a significant underperformance against the benchmark, with a year-to-date decline of 20.26% compared to a 3.52% increase in the Sensex. Additionally, the company has a negative book value and a high Debt to EBITDA ratio, indicating weak long-term fundamental strength, which further contributes to investor concerns.
In the broader market context, Tasty Dairy's recent performance contrasts sharply with the benchmark, as it has consistently underperformed the BSE500 over the last three years. The stock's short-term performance of -3.14% over the past week is notably worse than the Sensex's decline of only 1.59%. Despite a rise in delivery volume, indicating increased investor participation, the overall sentiment remains negative due to the company's reported losses and negative net worth. This combination of factors suggests that investors are wary of the stock's ability to recover, leading to its continued decline.