Why is Parle Industries falling/rising?

As of 01-Sep, Parle Industries Ltd is experiencing a price increase, with its current price at 10.17, reflecting a change of 0.2 or 2.01% upward. Today's performance indicates that the stock has outperformed its sector by 0.74% and has gained after three consecutive days of decline. However, it is important to note that the stock has shown a significant decline of 15.81% over the past month and a staggering 62.49% year-to-date. The stock's delivery volume has also fallen sharply by 60.1% against the five-day average, indicating reduced investor participation. Furthermore, the company has weak long-term fundamentals, with 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.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 0.10% over the past week while the Sensex has declined by 1.56%. Despite this recent uptick, Parle Industries has underperformed significantly over longer periods, with a one-year return of -40.39% compared to a -2.43% return for the Sensex. The stock is trading at a discount compared to its peers, but its long-term performance remains below par, which may continue to affect investor sentiment negatively. Overall, while there is a slight rise in the stock price today, the underlying fundamentals and historical performance suggest ongoing challenges for Parle Industries.