Why is Jubilant Food falling/rising?

As of 08-Aug, Jubilant Foodworks Ltd is experiencing a decline in its stock price, currently at Rs 621.45, reflecting a decrease of Rs 17.0 or 2.66%. The stock has underperformed its sector by 1.58% today and has touched an intraday low of Rs 621.45. Over the past week, the stock has decreased by 3.12%, and on a monthly basis, it has fallen by 9.71%. Despite a positive return of 4.09% over the past year, the company's profits have decreased by 7.1%, contributing to a perception of weakness. The stock is also trading below its moving averages across various timeframes, indicating a bearish trend. However, the rising investor participation, with a significant increase in delivery volume, suggests some level of interest from investors despite the current price decline.
In the broader market context, Jubilant Foodworks' recent performance contrasts with the Sensex, which has only declined by 0.92% over the past week and 4.60% over the past month. This indicates that the stock's short-term return is underperforming relative to the benchmark. While the company holds a substantial market cap and constitutes a significant portion of its sector, the current valuation appears to be fair, and it is trading at a discount compared to its peers. Nonetheless, the combination of falling profits and underperformance against both its sector and the broader market may be contributing to the stock's current downward trajectory.