Why is Parle Industries falling/rising?

As of 25-Aug, Parle Industries Ltd's stock price is currently at 10.16, reflecting an increase of 0.6 or 6.28%. The stock has shown a trend reversal, gaining after four consecutive days of decline, and has outperformed its sector by 3.88% today. However, despite this short-term gain, the stock has experienced significant losses over the past week (-6.62%) and month (-18.26%), and it has underperformed the broader market over the past year with a return of -37.63%. The company has weak long-term fundamental strength, indicated by a low return on equity (ROE) of 0.05% and a poor EBIT to Interest ratio of -0.09, which raises concerns about its ability to service debt.
Broader Market Context: The stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.45% over the past week and 0.21% over the past month. While the stock has shown some positive movement today, its long-term performance remains below par, with significant underperformance relative to the BSE500 over the last three years, one year, and three months. The liquidity of the stock appears adequate, with a 22% increase in delivery volume, but the overall sentiment remains cautious due to its expensive valuation and flat results in June, suggesting that investors may still be wary despite today's gains.