Why is Tasty Dairy falling/rising?

As of 16-Sep, Tasty Dairy Specialities Ltd is experiencing a decline in its stock price, currently at 8.48, reflecting a decrease of 0.12 or 1.4%. The stock has underperformed its sector today by 1.02% and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.09%. Over the past week, the stock has shown a slight gain of 2.17%, but it has significantly underperformed over the longer term, with a year-to-date decline of 26.90% and a staggering 43.20% drop over the past year. The company is trading below all its moving averages, indicating a bearish trend. Additionally, despite high institutional holdings at 27.02%, the company faces challenges such as a negative book value and a high debt-to-EBITDA ratio, which contribute to its weak long-term fundamental strength.
In the broader market context, Tasty Dairy's recent performance contrasts with the benchmark, as the Sensex has gained 1.58% over the past week and 5.43% year-to-date. The stock's consistent underperformance against the benchmark over the last three years, coupled with negative EBITDA and flat financial results, suggests that investor confidence is waning. Although there has been a notable increase in delivery volume, indicating rising investor participation, the overall sentiment remains cautious due to the company's inability to generate significant profitability and the risks associated with its financial health.