Why is Parle Industries falling/rising?

As of 04-Sep, Parle Industries Ltd's stock price is currently at 10.08, reflecting an increase of 0.07 or 0.7%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 1.5% today, with a delivery volume that has risen by 2.38% compared to the five-day average. However, the stock's long-term performance remains concerning, with a year-to-date decline of 62.82% and a one-year return of -37.82%. The company's 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, suggests challenges in servicing its debt, which may contribute to investor caution despite today's positive movement.
In the broader market context, Parle Industries has outperformed the Sensex in the short term, with a weekly return of +1.00% compared to the benchmark's +0.80%. However, the stock has significantly underperformed over longer periods, including a -16.35% return over the past month against a mere -0.37% for the Sensex. This underperformance, coupled with a very expensive valuation relative to its peers and a PEG ratio of 0.1, indicates that while there may be short-term gains, the long-term outlook remains bleak, which could affect investor sentiment moving forward.