Why is Megastar Foods falling/rising?

As of 10-Jul, Megastar Foods Ltd is currently priced at 281.80, reflecting an increase of 11.55 or 4.27%. Despite this rise, the stock has shown erratic trading patterns, having not traded on one day out of the last twenty. It is also trading below all its moving averages, indicating a potential downward trend. The stock has underperformed its sector significantly today, and there has been a notable decline in investor participation, with delivery volume falling by 81.42% against the five-day average. Over the past year, while the stock has generated a modest return of 0.50%, its profits have decreased by 40%. However, it is trading at a discount compared to its peers, and institutional investors have increased their stake, which could provide some support for the stock.
In the broader market context, Megastar Foods has outperformed the Sensex over various periods, including a 10.60% return over the last month compared to the benchmark's 0.97%. This indicates that while the stock is facing some immediate challenges, it has shown resilience in the longer term. The increase in institutional investor participation suggests a growing confidence in the company's fundamentals, which may help stabilize the stock despite its recent volatility. Overall, while the stock is experiencing short-term fluctuations, its long-term performance relative to the benchmark remains strong.