Why is Parle Industries falling/rising?

As of 01-Jul, Parle Industries Ltd's stock price is currently at 13.29, reflecting a decrease of 0.08 or 0.6%. The stock has been experiencing a decline, having lost 2.42% over the last two days, and it is currently higher than its 5-day moving averages but lower than its longer-term moving averages (20-day, 50-day, 100-day, and 200-day). Additionally, the stock's delivery volume has decreased by 10.04% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has gained 8.31%, but it has seen a significant decline of 10.57% over the past month and a staggering 50.98% year-to-date. The company's weak long-term fundamentals, including a negative CAGR growth in net sales and a poor EBIT to interest ratio, contribute to its current price movement, suggesting a lack of confidence among investors.
In the broader market context, the Sensex has increased by 2.00% over the past week, contrasting with Parle Industries' recent performance. While the stock has outperformed the benchmark over the past year with a return of 12.91%, its long-term performance has been disappointing, with a decline of 50.98% year-to-date compared to the Sensex's 7.11% increase. The stock is trading at a discount relative to its peers' historical valuations, but its low return on equity and weak profitability metrics indicate underlying issues that may deter investors. Overall, the combination of recent price declines, weak fundamentals, and reduced investor participation suggests a challenging environment for Parle Industries.