Why is Ovobel Foods falling/rising?

As of 07-Jul, Ovobel Foods Ltd is currently priced at 105.95, reflecting a decrease of 2.15, or 1.99%. The stock has been underperforming, having fallen consecutively for the last nine days, resulting in a total decline of 15.68% during this period. In terms of returns, the stock has decreased by 8.62% over the past week and 46.16% over the past year, while it has shown a modest increase of 2.81% over the past month. Despite the company demonstrating strong management efficiency with a high return on equity and significant growth in net sales, the stock's recent performance has been negatively impacted by a substantial year-over-year profit decline of 49.4%.
In the broader market context, the stock's performance has been notably worse than the benchmark Sensex, which has only declined by 0.20% over the past week. The FMCG sector, where Ovobel Foods operates, has gained by 2.17%, further highlighting the stock's underperformance relative to its sector. While there has been a rise in investor participation, as indicated by an increase in delivery volume, the overall sentiment remains cautious due to the stock's significant losses over the past year and its current trading at a premium compared to peers.