Why is Bikaji Foods falling/rising?

As of 29-Aug, Bikaji Foods International Ltd is currently priced at Rs 790.60, reflecting a decrease of Rs 3.2 or 0.4%. The stock has underperformed its sector today by 0.79%, having touched an intraday low of Rs 773.05, which represents a decline of 2.61%. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over these periods. Over the past week and month, Bikaji Foods has shown returns of 2.68% and 2.74%, respectively, while its year-to-date performance is slightly positive at 1.72%. However, the stock has faced a decline of 5.32% over the past year. The significant drop in delivery volume by 80.35% against the 5-day average suggests a decrease in investor participation, which may be contributing to the recent price movement.
In the broader market context, Bikaji Foods has outperformed the Sensex over the past week and month, while the benchmark has declined by 1.84% and 1.88%, respectively. This indicates that the stock has been more resilient compared to the overall market. The company's high management efficiency, reflected in a return on equity of 18.16%, and a low debt-to-equity ratio of 0 times suggest strong fundamentals. Additionally, the healthy long-term growth in operating profit at an annual rate of 34.62% and high institutional holdings at 20.01% further support the stock's potential. However, the recent decline in price may be influenced by the falling investor participation, which could signal a lack of confidence among retail investors despite the positive underlying factors.