Why is Modern Dairies falling/rising?

As of 15-Sep, Modern Dairies Ltd's stock price is currently at Rs 49.20, reflecting an increase of Rs 1.75 or 3.69%. Today's price movement indicates a trend reversal as the stock has gained after two consecutive days of decline. It opened with a gain of 3.27% and reached an intraday high of Rs 49.4, outperforming its sector by 3.68%. However, despite this positive movement, the stock has shown a negative return of -1.56% over the past month and -19.15% year-to-date. The company boasts a high return on equity (ROE) of 41.61% and a low debt-to-equity ratio, which contribute to its attractive valuation. Nevertheless, recent quarterly results have shown a significant decline in profit after tax and net sales compared to previous averages, which may weigh on investor sentiment.
Broader market context shows that while Modern Dairies has outperformed its sector today, its one-week return of +0.65% is lower than the Sensex's +1.24%. The stock's year-to-date performance of -19.15% starkly contrasts with the Sensex's +4.67% during the same period, indicating a struggle to keep pace with broader market trends. The falling investor participation, evidenced by a 79% drop in delivery volume, suggests a lack of confidence among investors despite the stock's recent gains. Overall, while the stock has shown some positive movement today, its longer-term performance and recent financial results present challenges that could impact its future trajectory.