Why is Parle Industries falling/rising?

As of 20-Jun, Parle Industries Ltd is experiencing a decline in its stock price, currently at 11.90, reflecting a decrease of 0.41 or 3.33%. The stock has underperformed its sector by 3.99% today and has been on a downward trend for the last four days, accumulating a total loss of 9.85% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent weakness. The company's financial health is concerning, as it has reported operating losses and a weak ability to service its debt, evidenced by a poor EBIT to Interest ratio of -0.50. Furthermore, the stock's return on equity is low at 0.77%, suggesting limited profitability, and it has generated a return of -0.75% over the past year while profits have increased by 34%.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, with a 1-week return of -5.41% against the Sensex's gain of 1.59%. Over the past month, Parle Industries has seen a significant decline of 27.66%, while the Sensex has only increased by 1.50%. This stark contrast highlights the stock's underperformance not only in the short term but also in the long term, as it has lagged behind the BSE 500 index over various periods. The falling investor participation, with a 30.29% drop in delivery volume, further underscores the lack of confidence in the stock, contributing to its declining price trend.