Why is Megastar Foods falling/rising?

As of 08-Jul, Megastar Foods Ltd is experiencing a decline in its stock price, currently at 270.25, which reflects a decrease of 12.7 points or 4.49%. The stock has underperformed its sector by 4.16% today and opened with a significant loss of 7.65%, reaching an intraday low of Rs 261.3. Over the past week, the stock has declined by 6.81%, although it has shown a positive return of 3.94% over the past month. Despite a year-to-date increase of 22.09%, the stock's recent performance is concerning, particularly as its profits have fallen by 40% over the past year. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 59.1% compared to the five-day average, indicating reduced interest among retail investors.
In the broader market context, the Sensex has remained relatively stable, with only a slight increase of 0.02% over the past week. This suggests that the decline in Megastar Foods' stock price is not entirely reflective of the overall market trend. While institutional investors have increased their stake in the company by 0.54%, indicating some confidence in its fundamentals, the stock is still trading at a discount compared to its peers' historical valuations. The combination of falling profits and decreased retail investor participation has contributed to the stock's downward movement, despite some positive signals from institutional investors.