Why is Avanti Feeds falling/rising?

As of 11-Aug, Avanti Feeds Ltd. is currently priced at 641.05, reflecting an increase of 1.9, or 0.3%. The stock has shown a trend reversal by gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 58.82% compared to the 5-day average. Despite these challenges, the company has demonstrated strong financial performance, with a high return on equity (ROE) of 16.17% and a low debt-to-equity ratio. The company has reported positive results for the last four consecutive quarters, with a profit after tax (PAT) growth of 59.76% over nine months, contributing to a favorable valuation despite the stock's decline of 17.04% over the past year.
In the broader market context, Avanti Feeds has underperformed relative to the benchmark, with a 1-week return of -4.02% compared to the Sensex's -0.51%. Over the past month, the stock has declined by 13.91%, while the Sensex has only decreased by 2.30%. This underperformance highlights the stock's struggles in the current market environment, despite its solid fundamentals and attractive valuation metrics, such as a PEG ratio of 0.3. The stock's recent price movement, while showing a slight uptick, suggests that investor sentiment remains cautious, influenced by the broader market trends and the company's recent performance metrics.