Why is Parle Industries falling/rising?

As of 03-Jul, Parle Industries Ltd's stock price is currently at 13.32, reflecting an increase of 0.19 or 1.45%. The stock has shown a trend reversal by gaining after three consecutive days of decline and has outperformed its sector by 1.65%. Despite this recent uptick, the stock has experienced a significant decline of 50.87% year-to-date and an 8.14% drop over the past month. Additionally, the stock's delivery volume has decreased by 53.24% against the five-day average, indicating falling investor participation. While the stock has generated a return of 13.27% over the past year, its long-term fundamentals are weak, with a negative CAGR growth in net sales and a poor EBIT to interest ratio, suggesting challenges in profitability and debt servicing.
In the broader market context, the Sensex has increased by 6.53% year-to-date, contrasting sharply with Parle Industries' significant decline. The stock's recent performance is notable as it has outperformed the sector today, but its overall returns over the past month and year indicate a struggle against the benchmark. The company's valuation appears expensive relative to its low return on equity, and while it trades at a discount compared to peers, the weak long-term fundamentals may continue to weigh on investor sentiment.