Why is Parle Industries falling/rising?

As of 10-Jul, Parle Industries Ltd's stock price is currently at 13.46, reflecting an increase of 0.52 or 4.02%. The stock has shown a trend reversal, gaining after four consecutive days of decline. Despite this recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 50.35%. However, it has outperformed the sector today by 4.65%. The stock's performance over the past year has been positive, generating a return of 15.04%, significantly higher than the market's return of 1.46%. Nevertheless, the company faces challenges, such as weak long-term fundamental strength, indicated by a -3.02% CAGR growth in net sales over the last five years and a poor EBIT to interest ratio of -0.47, which suggests difficulties in servicing its debt.
In the broader market context, the stock's short-term performance of +1.05% over the past week contrasts with the Sensex, which has seen a slight decline of -0.06%. While the stock has shown some resilience today, the overall liquidity is concerning, with a delivery volume that has fallen by 11.7% against the five-day average. Additionally, the company's valuation appears expensive with a Price to Book Value of 3.1, despite trading at a discount compared to its peers. This combination of short-term gains and long-term weaknesses may contribute to mixed investor sentiment regarding the stock's future performance.