Why is Bikaji Foods falling/rising?

As of 21-Aug, Bikaji Foods International Ltd is experiencing a decline in its stock price, currently at Rs 784.50, which reflects a decrease of Rs 12.5 or 1.57%. The stock has underperformed its sector by 0.63% today and has shown a trend reversal after three consecutive days of gains, hitting an intraday low of Rs 772.95. Despite this recent downturn, the stock has performed positively over the past week with an increase of 8.21%, and a 1-month return of 4.45%. Additionally, the company has demonstrated strong fundamentals, including high management efficiency with a return on equity (ROE) of 18.16%, a low debt-to-equity ratio, and significant long-term growth in operating profit at an annual rate of 34.62%. The high institutional holdings at 20.01% suggest confidence from investors who are typically more adept at analyzing company fundamentals.
In the broader market context, while Bikaji Foods has seen a short-term return that outpaces the Sensex by 6.47% over the past week, it has underperformed the benchmark on a year-to-date basis, with a return of only 0.93% compared to the Sensex's 4.94%. This discrepancy may contribute to the stock's current price movement as investors reassess its performance relative to the market. Furthermore, the liquidity of the stock remains healthy, with a significant increase in delivery volume, indicating rising investor participation. However, the recent price drop could reflect market corrections or profit-taking after the stock's recent gains.