Why is Bikaji Foods falling/rising?

As of 17-Sep, Bikaji Foods International Ltd is currently priced at 789.75, reflecting a decline of 9.25 points or 1.16%. The stock has recently underperformed its sector by 0.83% and has experienced a trend reversal, falling after four consecutive days of gains. Despite this recent drop, the stock has shown positive performance over the past week and month, with returns of 2.67% and 9.29%, respectively. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. However, there has been a notable decrease in investor participation, with delivery volume falling by 11.04% compared to the 5-day average. The company benefits from high management efficiency, a low debt-to-equity ratio, and strong institutional holdings, which may support its long-term growth despite the current price decline.
In the broader market context, Bikaji Foods has outperformed the Sensex over the past week and month, with returns of 2.67% compared to the Sensex's 1.56% and 9.29% against 2.60%, respectively. However, the stock has underperformed on a year-to-date basis, with a return of 1.61% compared to the Sensex's 5.83%. This suggests that while the stock has shown resilience in the short term, it is facing challenges in maintaining momentum against broader market trends. The overall market sentiment may be influencing the stock's recent decline, despite its positive fundamentals and growth potential.