Why is Megastar Foods falling/rising?

As of 22-Sep, Megastar Foods Ltd is currently priced at Rs 218.00, reflecting a decrease of Rs 3.7 or 1.67%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.57% during this period. It has also underperformed its sector by 1.47% today. The stock touched an intraday low of Rs 212.45 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 78.76% compared to the 5-day average. Despite a year-to-date return of -1.51%, the company has shown positive growth in net sales and profits, indicating a potential for recovery.
In the broader market context, Megastar Foods' recent performance contrasts sharply with the benchmark Sensex, which has gained 0.46% over the past week and 1.05% over the past month. While the stock has experienced a significant decline of 19.50% over the past year, the Sensex has only decreased by 2.82% during the same period. This divergence highlights the stock's struggles relative to the overall market. Despite its attractive valuation metrics and positive financial results, the stock's recent performance indicates that investor sentiment remains cautious, contributing to its downward price movement.