Why is Megastar Foods falling/rising?

As of 22-Jul, Megastar Foods Ltd is experiencing a decline in its stock price, currently at Rs 287.95, which reflects a decrease of Rs 16.0 or 5.26%. Today's price summary indicates that the stock has underperformed its sector by 5.21% and opened with a significant loss of 5.48%. After two consecutive days of gains, the stock has reversed its trend, touching an intraday low of Rs 277, which represents an 8.87% drop. Despite this decline, the stock has shown positive performance over the longer term, with a year-to-date return of 30.09% compared to the Sensex's 5.18%. However, the stock has generated a negative return of 6.68% over the past year, coinciding with a substantial 40% drop in profits, which may contribute to investor concerns.
In the broader market context, while Megastar Foods has underperformed today, it has outperformed the Sensex over the past week and month, with returns of 2.84% and 0.33%, respectively, compared to the Sensex's declines. The stock's liquidity appears sufficient for trading, as indicated by a notable increase in delivery volume. Despite trading at a discount compared to its peers' historical valuations, the recent negative performance and falling profits may be causing hesitation among investors, leading to the current price decline.