Why is Megastar Foods falling/rising?

As of 02-Jul, Megastar Foods Ltd is currently priced at 282.35, reflecting a decline of 7.65 or 2.64%. The stock has underperformed its sector today by 2.92% and has experienced a trend reversal after two consecutive days of gains. It opened with a loss of 3.14% and reached an intraday low of Rs 275, marking a 5.17% drop. Despite this decline, the stock has shown strong performance over the past year, generating a return of 13.26%, which is significantly higher than the market average. However, it is important to note that the company's profits have fallen by 40% over the same period, even as institutional investors have increased their stake by 0.54%, indicating a mixed sentiment among investors.
In the broader market context, Megastar Foods has outperformed the benchmark index, the Sensex, with a 1-week return of 2.37% compared to the Sensex's 0.79%. The stock's year-to-date performance is also strong at 27.56%, significantly exceeding the Sensex's 6.75%. However, the recent decline in price, coupled with falling investor participation and a decrease in delivery volume, suggests that market sentiment may be shifting. While the stock remains liquid and trades above its moving averages, the combination of declining profits and recent price movements indicates a cautious outlook among investors, despite the positive long-term performance relative to the market.