Why is Parle Industries falling/rising?

As of 26-Aug, Parle Industries Ltd is experiencing a decline in its stock price, currently at 10.07, which reflects a decrease of 0.09 or 0.89%. The stock has underperformed its sector by 0.39% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 4.46%, and it has seen a significant decline of 18.99% over the last month. Despite a rise in delivery volume by 22% on August 22, indicating increased investor participation, the overall performance remains weak, with a year-to-date drop of 62.86% compared to a 3.39% gain in the Sensex.
In the broader market context, Parle Industries' recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has only declined by 1.05% over the past week. This suggests that while the market is experiencing some downturn, Parle Industries is facing more significant challenges. The stock's long-term performance also shows a stark difference, with a 3-year return of 27.31% compared to the Sensex's 37.31%, and a 5-year return of -28.07% against the Sensex's impressive 106.75% gain. This disparity highlights the ongoing struggles of Parle Industries in a market that is generally performing better.