Why is ADF Foods falling/rising?

As of 01-Aug, ADF Foods Ltd's stock price is currently at 239.90, reflecting a decline of 6.9 points or 2.8%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 10.42% during this period. Today's trading saw the stock reach a high of Rs 253.05 and a low of Rs 234, indicating high volatility with an intraday fluctuation of 5.77%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a low debt-to-equity ratio and a fair valuation, the stock's recent performance has been negatively impacted by a decline in profits, with a reported drop in net sales and operating cash flow, contributing to the current downward trend.
In the broader market context, ADF Foods has underperformed the Sensex, with a 1-week return of -10.27% compared to the benchmark's -1.06%. While the stock has shown positive long-term performance, outperforming the BSE500 over the past three years, its recent quarterly results have raised concerns among investors. The high institutional holdings at 34% suggest that knowledgeable investors are closely monitoring the company's fundamentals, which may be influencing market sentiment. Overall, the combination of recent poor financial results and the stock's inability to maintain momentum in the face of broader market challenges has led to its current decline.