Why is Bikaji Foods falling/rising?

As of 07-Nov, Bikaji Foods International Ltd is experiencing a decline in its stock price, currently at 718.60, which reflects a decrease of 6.1 points or 0.84%. The stock has underperformed its sector by 0.44% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.57% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 1.90%, while it has fallen 7.55% year-to-date and 18.08% over the past year, contrasting sharply with the Sensex's positive performance during the same periods. Despite these declines, the company maintains a high management efficiency with a return on equity of 18.16%, a low debt-to-equity ratio, and healthy long-term growth in operating profit.
In the broader market context, Bikaji Foods' recent performance has been weaker compared to the Sensex, which has gained 1.57% over the past month and 6.50% year-to-date. This underperformance may be attributed to falling investor participation, as indicated by a decrease in delivery volume, which has dropped by 2.05% against the 5-day average. Although the stock has high institutional holdings at 20.01%, suggesting a level of confidence among more sophisticated investors, the overall market sentiment appears to be affecting its price negatively. The combination of declining stock performance, lower trading volumes, and the stock's inability to keep pace with the benchmark index suggests a challenging environment for Bikaji Foods at this time.