Why is Megastar Foods falling/rising?

As of 19-Sep, Megastar Foods Ltd is experiencing a decline in its stock price, currently at 221.15, reflecting a decrease of 1.85 or 0.83%. The stock has been on a downward trend, having fallen for the last two consecutive days, with a total decline of 4.2% during this period. It opened lower today, down 3.54%, and reached an intraday low of Rs 215.1. In terms of performance relative to the benchmark, the stock has underperformed significantly over various time frames, with a 1-week decline of 3.79% compared to a 0.88% increase in the Sensex, and a 1-year drop of 18.24% against a slight decrease of 0.67% in the benchmark. Despite these challenges, there has been a notable increase in investor participation, with delivery volume rising by 305.57% on September 18.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has shown positive returns over the same periods. While Megastar Foods has reported positive financial results, including a 67.29% growth in net sales and a significant increase in profit before tax, the stock's valuation remains attractive compared to its peers. However, the negative sentiment surrounding its recent performance, coupled with its trading below key moving averages, suggests that investors are cautious. The stock's year-to-date performance is nearly flat, indicating a lack of momentum despite the company's profitability improvements, which may contribute to the current downward pressure on its price.