Why is Megastar Foods falling/rising?

As of 17-Jul, Megastar Foods Ltd is experiencing a decline in its stock price, currently at Rs 270.35, which reflects a decrease of Rs 5.15 or 1.87%. The stock has underperformed its sector today by 1.97% and has been on a downward trend for the last two days, accumulating a total loss of 3.45%. Over the past week, the stock has fallen by 4.06%, while it has shown a positive return of 14.19% over the past month. However, the stock's performance over the last year has been negative, with a return of -12.54%, coinciding with a significant drop in profits by 40%. Despite this, the stock is trading at a discount compared to its peers, and institutional investors have increased their stake, indicating some level of confidence in the company's fundamentals.
In the broader market context, the Sensex has also seen a decline of 1.12% over the past week, suggesting that the market sentiment is generally bearish. While Megastar Foods has outperformed the benchmark over the longer term, with a year-to-date return of 22.14% compared to the Sensex's 5.27%, its recent underperformance relative to the benchmark indicates a shift in investor sentiment. The falling investor participation, as evidenced by a 22.17% drop in delivery volume, further highlights the challenges the stock is facing in the current market environment.